Pool Corporation, Incorporated, 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, Incorporated, 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 Cash and cash equivalents Receivables, net Product inventories, net Prepaid expenses and other current assets POOL CORPORATION, INCORPORATED Trial Balance At December 31, Current Year Property and equipment, net Intangible assets Operating lease assets Other noncurrent assets, net Accounts payable Accrued expenses and other current liabilities Current portion of long-term debt Operating lease liability, current Long-tere debt Operating lease liability, noncurrent Other long-term liabilities Common stock Additional paid-in capital Additional paid-in capital Retained (deficit) earnings Net sales Cost of sales Selling and administrative expenses Interest expense Provision for income taxes Req 1A Debit $28,583 226,539 702,274 16,172 112,246 199,634 Req 18 176,689 21,129 THE 4T Req 2 336,674 2,274,592 583,679 Complete this question by entering your answers in the tabs below. Credit $261,963 60,813 11,745 56,325 Required: 1-0. Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 39,833 499,662 122,010 60,568 40 485,239 1-b. Prepare a consolidated balance sheet for the current year. Hint: Operating lease assets are a noncurrent asset 2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $1,240,871 40 485,239 3,199,517 23,510 56,161 $4,757,882 $4,757,882 Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 39,833. Note: Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Round "Basic earnings per share" to 2 decimal places.

Pool Corporation, Incorporated, 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, Incorporated, 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 Cash and cash equivalents Receivables, net Product inventories, net Prepaid expenses and other current assets POOL CORPORATION, INCORPORATED Trial Balance At December 31, Current Year Property and equipment, net Intangible assets Operating lease assets Other noncurrent assets, net Accounts payable Accrued expenses and other current liabilities Current portion of long-term debt Operating lease liability, current Long-tere debt Operating lease liability, noncurrent Other long-term liabilities Common stock Additional paid-in capital Additional paid-in capital Retained (deficit) earnings Net sales Cost of sales Selling and administrative expenses Interest expense Provision for income taxes Req 1A Debit $28,583 226,539 702,274 16,172 112,246 199,634 Req 18 176,689 21,129 THE 4T Req 2 336,674 2,274,592 583,679 Complete this question by entering your answers in the tabs below. Credit $261,963 60,813 11,745 56,325 Required: 1-0. Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 39,833 499,662 122,010 60,568 40 485,239 1-b. Prepare a consolidated balance sheet for the current year. Hint: Operating lease assets are a noncurrent asset 2. Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $1,240,871 40 485,239 3,199,517 23,510 56,161 $4,757,882 $4,757,882 Prepare a classified consolidated statement of income (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 39,833. Note: Enter your answers in thousands (i.e., 1,000,000 should be entered as 1,000). Round "Basic earnings per share" to 2 decimal places.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 35P: Hepworth Credit Corporation is a wholly owned subsidiary of a large manufacturer of computers....

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