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

1. Prepare a classified income statement (with earnings per share) and balance sheet for the current year. Number of shares outstanding used in computation of earnings per share was 48,158.
2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was$728,545.

  • CreatedJuly 01, 2014
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