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Pool Corporation is the worlds largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation which trades on the NASDAQ

Pool Corporation is the worlds largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation which trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repair and service businesses like Pennys Pool Service & Supply, swimming pool builders, and retail swimming pool stores. The majority of these customers are small, family-owned businesses like Pennys. Its trial balance and additional information adapted from a recent year ended December 31 are presented below. All numbers are in thousands.

Cash and cash equivalents $ 18,247
Receivables, net 111,155
Product inventories, net 387,324
Prepaid expenses and other current assets 23,215
Property and equipment, net 41,686
Intangible assets 189,241
Other noncurrent assets, net 30,506
Accounts payable $ 177,637
Accrued expenses and other current liabilities 53,518
Current portion of long-term debt 26
Long-term debt 247,700
Other long-term liabilities 40,799
Common stock 55
Additional paid-in capital 173,380
Retained earnings 34,646
Net sales 1,797,318
Cost of sales 1,263,728
Selling and administrative expenses 406,743
Interest expense 7,795
Provision for income taxes 45,439
$ 2,525,079 $ 2,525,079
a.

Prepare a classified income statement (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 48,198. (Enter your answers in thousands. Round "Basic earnings per share" to 2 decimal places.

b.

Prepare a classified balance sheet for the current year. Number of shares outstanding used in computation of earnings per share was 48,198. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.

c.

Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $730,545. (Enter your answers in thousands. Round your answers to 1 decimal place.)

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