Running head: INCOME STATEMENTS AND BALANCE SHEETS 1 INCOME STATEMENTS AND BALANCE SHEETS 4 Abstract Synnex is a leading provider of business process solutions to organizations in different parts of the world. The company has existed for over 30 years and provides a variety of business solutions, including technological services, marketing, financial services, and supply chain improvement. The company has recorded tremendous growth since it was founded in 1980 through both the acquisitions of clients in new markets as well as the purchase of other business solution providers in different markets. Currently, the company operates in more than 40 countries and has more than 600 clients. Abstract is incomplete. Keywords: are missing Income Statements and Balance Sheets for Synnex Corporation Introduction Synnex Corporation offers a variety of business service processes to its clients that include supply chain management, provision of technological services, specialized marketing services, and financial assistance. The company aims at improving the efficiency of its clients’ business processes by introducing new technologies that simplify business processes and result in cost savings. It offers specialized marketing services that are intended to improve the reach of its clients in different markets. In addition, the company also provides financial assistance that can enable its client to immediately take advantage of existing market opportunities. Due to the number of services offered to clients the recent earnings released by the organization show its expansion both in market share and in revenue. According to projections made by the company, revenues are expected to grow by over $300 million to total $5.85 billion by the end of the third quarter of 2019 (Synnex, 2019). Concisely, Synnex Corporation has had positive financial trend over the years, The material in this paragraph before this comment does not belong in the introductory paragraph. The Week 5 versions must include the history as a section of the paper and not as part of the abstract. the paper highlights the income statement and balance sheets for the organization to show the trends of the financial performance of the organization starting from the year 2016 to 2018. The first section explains the trend of the elements in the income statement while the second section explains the trends of the liabilities and assets included in the balance sheet. The last section of the paper is the conclusion. The last three sections of the paper must be the conclusions, recommendations and then summary. Under each of these headings there must be a minimum of a paragraph. Description of Corporation History of Corporation Net Income for the last three years Common Sized Financial Statements Income Statement Income Statement Common Sized Statements 2018 2017 2016 R ...

1. Running head: INCOME STATEMENTS AND BALANCE
SHEETS 1
INCOME STATEMENTS AND BALANCE SHEETS
4
Abstract
Synnex is a leading provider of business process solutions to
organizations in different parts of the world. The company has
existed for over 30 years and provides a variety of business
solutions, including technological services, marketing, financial
services, and supply chain improvement. The company has
recorded tremendous growth since it was founded in 1980
through both the acquisitions of clients in new markets as well
as the purchase of other business solution providers in different
markets. Currently, the company operates in more than 40
countries and has more than 600 clients. Abstract is incomplete.

2. Keywords: are missing
Income Statements and Balance Sheets for Synnex Corporation
Introduction
Synnex Corporation offers a variety of business service
processes to its clients that include supply chain management,
provision of technological services, specialized marketing
services, and financial assistance. The company aims at
improving the efficiency of its clients’ business processes by
introducing new technologies that simplify business processes
and result in cost savings. It offers specialized marketing
services that are intended to improve the reach of its clients in
different markets. In addition, the company also provides
financial assistance that can enable its client to immediately
take advantage of existing market opportunities. Due to the
number of services offered to clients the recent earnings
released by the organization show its expansion both in market
share and in revenue. According to projections made by the
company, revenues are expected to grow by over $300 million
to total $5.85 billion by the end of the third quarter of 2019
(Synnex, 2019). Concisely, Synnex Corporation has had positive
financial trend over the years, The material in this paragraph
before this comment does not belong in the introductory
paragraph. The Week 5 versions must include the history as a
section of the paper and not as part of the abstract. the paper
highlights the income statement and balance sheets for the
organization to show the trends of the financial performance of

3. the organization starting from the year 2016 to 2018. The first
section explains the trend of the elements in the income
statement while the second section explains the trends of the
liabilities and assets included in the balance sheet. The last
section of the paper is the conclusion. The last three sections of
the paper must be the conclusions, recommendations and then
summary. Under each of these headings there must be a
minimum of a paragraph.
Description of Corporation
History of Corporation
Net Income for the last three years
Common Sized Financial Statements
Income Statement
Income Statement
Common Sized Statements
2018
2017
2016
Revenue
(20035225) 100%
(17041091) 100%
(14061837) 100%
Expenses
(19314725) 96.4038%
(16448164) 96.5206%
(13612103) 96.8017%
Operating Income
(720500) 3.5962%
(592927) 3.4794%
(449734) 3.1983%
Depreciation
(100955) 0.5039%
(80705) 0.4736%

4. (65803) 0.4680%
EBITDA
(821455) 4.1001%
(673632) 3.9530%
(515537) 3.6662%
Diluted EPS
(10.89) 0.0001%
(8.86) 0.0001%
(7.04) 0.0001%
A common size analysis of the company’s financial statements
indicates that the expenses of the company have been reducing
steadily from 2016 to 2018. This indicates that management is
efficiently managing internal processes and as a result the
operating expenses are decreasing. The operating income of the
company has also been steadily increasing, as shown by the
increase in operating income earned each year as a percentage
of revenue. The operating income recorded by the company
increased from 3.2% of the revenue in 2016 to 3.5% of the
revenue in 2018 (Synnex, 2019b,). The increase is attributed to
the decrease in the operating expenses of the company as well
as the growth in the total revenues earned by the company from
2016 to 2018.
The depreciation expense recorded by the company increased
steadily from 2016 to 2018, which means that the company has
been investing in new equipment and machinery. The
depreciation expense as a percentage of revenue increased from
0.46% in 2016 to 0.5% in 2018. The earnings made by the
company also increased from 2016 to 2018. This is shown by
the increase in the EBITDA of the company from 3.7% in 2016
to 4.1% in 2018. The increase is attributed to the growth in the
revenues of the company as well as the reduction of operating
expenses during the three years. The EPS of the company
increased significantly over the three years. The EPS increased
from 7.04 in 2016 to 10.89 in 2018, which indicates increasing
profitability.

5. Balance Sheet
Balance Sheets
2016
2017
2018
USD
%
USD
%
USD
%
ASSETS
Cash and Cash Equivalents
380,417
7.3
550,688
7.54
454,694
3.96
Restricted cash

6. 6,265
0.12
5,837
0.08
7,126
0.06
Short-term investments
5,109
0.10
5,475
0.07
2,581
0.02
Account receivable, net
1,756,494
33.68
2,846,371
36.97
3,855,431
33.53
Receivable from related parties
102
0.00
77
0.00
65
0.00
Inventories

7. 1,741,734
33.40
2,162,226
28.09
2,518,219
21.94
Other Current Assets
104,609
2.00
168,704
2
261,536
2.28
Total current assets
3,995,030
76.60
5,739,778
74.56
7,099,753
61.84
Property and Equipment
312,716
6.00
346,589
4.50
571,326
4.98
Goodwill

8. 486,239
9.32
872,641
11.34
2,203,316
19.19
Intangible assets
298,550
5.73
583,051
7.57
1,377,305
12.00
Deferred tax assets
58,564
1.12
31,087
0.41
76,508
0.67
Other assets
64,182
1.23
124,780
1.62
152,227
1.326
Total assets

9. 5,215,281
100
7,698,526
100
11,480,434
100
LIABILITIES
Current Liabilities
Borrowings, current
362,989
11.20
805,471
14.88
833,216
10.35
Accounts payable

10. 1,683,155
51.96
2,626,720
48.51
3,025,197
37.59
Payable to related parties
30,679
0.95
16,888
0.31
22,905
0.25
Accrued compensation and benefits
165,585
5.11
204,665
3.78
358,352
4.83
Other Accrued liabilities
217,127
6.70
354,104
6.54
613,449
7.62
Income taxes payable

11. 17,097
0.53
33,359
0.62
41,322
0.51
Total current Liabilities
2,476,532
18.90
4,041,207
74.63
4,894,441
60.81
Long-term borrowings
601,095
19.00
1,136,089
20.98
2,622,782
32.59
Other Long-term liabilities
103,217
19.11
124,008
2.29
325,119
4.04
Deferred tax liabilities

12. 58,639
19.21
113,527
2.10
206,024
2.56
Total Liabilities
3,239,483
100
5,414,831
100
8,048,366
100
STOCKHOLDER'S EQUITY
Preferred stock
-
-
-
Common stock

13. 41
0.00
41
0.00
51
0.00
Additional paid-in capital
440,713
20.49
467,948
20.49
1,512,203
44.06
Treasury stock
-67,262
-3.38
-77,133
-3.38
-149,533
-4.36
Accumulated other comprehensive income
-93,116
-2.71
-61,919
-2.71
-126,288
-3.68
Retained earnings

14. 1,695,400
85.60
1,954,758
85.60
2,195,635
64.00
Total equity
1,975,798
100
2,283,695
100
3,432,068
100
The organization’s assets increased from $5,215,281 in
2016 to $11,480,434 in 2018; the assets increased by more than
100%. The organization’s liabilities increased from $3,239,483
in 2016 to $ 8048366 in 2018. The total equity increased from
$1,975,798 to $3,432,068 in 2018. The results show that the
organization expanded in terms of assets by acquiring new
property, equipment, and gaining goodwill. However, the
liabilities were controlled; hence, they did not increase
drastically as to reduce the total equity.
Conclusions
The financial report for Synnex Corporation shows that its
expansion is due to strategic management that focused on
increasing its efficiency that led to reduced expenses.
Furthermore, the organization’s management was strategic in
their business process, which led to increase in accounts
receivable and invested in new property.
Recommendations
Summary

15. It is recommended (but not required) that you email your
discussion postings and/or assignments [email protected]
You can and should (but you are not required to) submit one
item to the Writing Studio each week for this and future
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The form to use when you submit your work to the Writing
Studio is in the Start Here area of our course. It is required to
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The Keiser University Writing Studio has help for you
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You are not fully meeting the University writing standards and
requirements.
You should have and/or acquire a personal copy of the APA
Manual 6th edition. You are not expected to memorize APA
Style. You are expected to look up and apply the writing
requirements in this and all future courses. One of my favorite
websites is the Purdue Online Writing Lab (OWL) to quickly
look up formatting and other writing requirements under APA
Style. Here is the URL to the basics of reference list
presentation:
https://owl.english.purdue.edu/owl/resource/560/05/ Here is
the URL to the basics of citation:

16. https://owl.purdue.edu/owl/research_and_citation/apa_style/apa
_formatting_and_style_guide/in_text_citations_the_basics.html
References must be presented in full form, which you have not
done.
Synnex Corporation (2019). FY19 Earnings. Web. Accessed on
4/8/2019
Synnex Corporation (2019b). Form 10-K :Annual Report. Web.
Accessed on 4/8/2019