Round: 5

Dec. 31, C134764

2027
Andrews Baldwin Chester
Ankit Gupta Prasanna A
Bhushan Mahajan Kunal Rajput
Neha Mishra Prashant Shandilya
Sourya Rana Nikhil Sharma
Sanchit Sinha Shashank Tomar

Digby Erie Ferris

Ankur Joshi Vibhav . Ajeesh Kumar B K
Himanshi Kathuria Aman Kumar Navin Kumar
Dushyant Mehra Gauthami P Shubham Nigotia
ASHWIN RATNAWAT Mandar Padole Amit Rebala
Shouradip Singha Abhijeet Kumar Sahu Sachin Shetty

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS 1.6% 0.9% 11.3% -24.5% 5.5% 5.5%
Asset Turnover 0.94 0.84 1.41 0.54 1.52 1.14
ROA 1.5% 0.8% 16.0% -13.1% 8.3% 6.3%
Leverage 1.6 2.3 2.5 5.8 2.2 2.4
ROE 2.3% 1.7% 40.6% -75.5% 18.0% 15.3%
Emergency Loan $0 $0 $0 $77,436,661 $0 $0
Sales $127,762,636 $131,718,389 $189,549,327 $102,609,682 $141,243,844 $189,618,214
EBIT $8,625,482 $10,992,210 $43,426,747 ($18,525,643) $17,950,332 $27,563,678
Profits $2,011,316 $1,176,494 $21,487,441 ($25,099,279) $7,747,582 $10,503,416
Cumulative Profit $18,785,555 $17,911,880 $10,198,563 ($22,517,965) ($10,987,751) $19,962,265
SG&A / Sales 16.1% 14.4% 16.4% 23.6% 13.8% 13.7%
Contrib. Margin % 34.7% 34.8% 44.7% 24.7% 26.0% 40.7%

CAPSTONE ® COURIER Page 1

 Round: 5
Stock & Bonds C134764 Dec. 31, 2027
Stock Market Summary
MarketCap Book Value
Company Close Change Shares EPS Dividend Yield P/E
($M) Per Share
Andrews $44.32 $7.06 2,613,188 $116 $33.32 $0.77 $0.00 0.0% 57.5
Baldwin $31.64 ($4.70) 2,438,634 $77 $28.15 $0.48 $0.00 0.0% 65.4
Chester $71.01 $64.18 1,823,391 $129 $29.00 $11.78 $0.00 0.0% 6.0
Digby $1.00 $0.00 2,350,327 $2 $14.14 ($10.68) $0.00 0.0% -0.1
Erie $36.88 $15.39 1,954,783 $72 $22.05 $3.96 $0.20 0.5% 9.3
Ferris $47.16 $22.32 2,233,223 $105 $30.71 $4.70 $0.00 0.0% 10.0

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
14.0S2028 $20,850,000 13.1% 106.74 A 14.0S2028 $20,850,000 13.5% 103.35 DDD
11.3S2033 $3,000,000 9.3% 121.58 A 11.3S2033 $10,500,000 10.8% 104.32 DDD
11.5S2034 $8,000,000 9.2% 125.51 A 12.2S2034 $12,000,000 11.2% 109.16 DDD
12.9S2035 $10,000,000 9.4% 136.71 A 13.3S2036 $12,000,000 11.4% 117.07 DDD
Baldwin 9.8S2037 $18,000,000 10.1% 96.97 DDD
14.0S2028 $20,850,000 13.4% 104.68 CCC Erie
13.3S2036 $26,815,970 10.5% 126.49 CCC 14.0S2028 $5,965,305 13.3% 104.88 CCC
9.3S2037 $1,511,506 9.1% 102.58 CCC 12.9S2034 $36,000,000 10.6% 121.35 CCC
Chester 13.9S2035 $2,220,000 10.8% 129.10 CCC
14.0S2028 $20,850,000 13.4% 104.30 CC Ferris
12.9S2034 $35,000,000 10.9% 117.94 CC 14.0S2028 $20,850,000 13.4% 104.49 CC
13.7S2035 $16,500,000 11.0% 124.08 CC 11.3S2033 $9,000,000 10.3% 109.84 CC
12.8S2034 $12,500,000 10.8% 118.56 CC
13.0S2035 $17,500,000 10.7% 121.51 CC
14.0S2036 $14,000,000 10.8% 129.26 CC
9.6S2037 $8,200,000 9.3% 103.19 CC

Next Year's Prime Rate4.00%

CAPSTONE ® COURIER Page 2
 Round: 5
Financial Summary C134764 Dec. 31, 2027
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $2,011 $1,176 $21,487 ($25,099) $7,748 $10,503
Adjustment for non-cash items:
Depreciation $12,327 $11,000 $9,533 $11,720 $6,398 $13,703
Extraordinary gains/losses/writeoffs ($1,925) $0 ($289) $0 ($7,356) $0
Changes in current assets and liablilities
Accounts payable ($2,223) ($2,106) ($274) ($1,087) $190 $369
Inventory $7,331 ($23) $4,941 ($22,388) ($3,670) ($3,188)
Accounts Receivable $2,763 $2,413 ($213) $834 $467 ($1,382)
Net cash from operations $20,284 $12,460 $35,185 ($36,020) $3,776 $20,005

Cash flows from investing activities

Plant improvements(net) ($3,165) ($10,500) ($2,387) $0 $20,676 ($10,560)
Cash flows from financing activities
Dividends paid $0 $0 $0 $0 ($391) $0
Sales of common stock $16,227 $5,000 $0 $0 $0 $1,000
Purchase of common stock $0 $0 $0 $0 ($2,211) $0
Cash from long term debt issued $0 $1,512 $0 $18,000 $0 $8,200
Early retirement of long term debt $0 $0 $0 $0 ($16,000) $0
Retirement of current debt ($15,450) ($41,350) ($13,900) ($59,417) ($7,874) ($19,900)
Cash from current debt borrowing $0 $31,888 $0 $0 $0 $6,300
Cash from emergency loan $0 $0 $0 $77,437 $0 $0

Net cash from financing activities $777 ($2,950) ($13,900) $36,020 ($26,476) ($4,400)

Net change in cash position $17,896 ($990) $18,898 $0 ($2,023) $5,045

Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $17,896 $38,922 $27,691 $0 $12,886 $14,784
Accounts Receivable $10,501 $10,826 $15,579 $8,434 $14,705 $15,585
Inventory $8,611 $14,726 $8,752 $98,474 $19,901 $20,655
Total Current Assets $37,008 $64,475 $52,022 $106,908 $47,492 $51,024

Plant and equipment $184,900 $165,000 $142,998 $175,800 $101,976 $205,540

Accumulated Depreciation ($85,387) ($72,853) ($60,318) ($91,467) ($56,391) ($90,324)
Total Fixed Assets $99,513 $92,147 $82,680 $84,333 $45,585 $115,216

Total Assets $136,521 $156,622 $134,702 $191,241 $93,077 $166,241

Accounts Payable $7,605 $6,912 $9,468 $7,219 $5,794 $9,306

Current Debt $0 $31,888 $0 $77,437 $0 $6,300
Total Current Liabilities $7,605 $38,800 $9,468 $84,656 $5,794 $15,606

Long Term Debt $41,850 $49,177 $72,350 $73,350 $44,185 $82,050

Total Liabilities $49,455 $87,978 $81,818 $158,006 $49,979 $97,656

Common Stock $43,797 $34,117 $18,334 $30,360 $29,576 $26,360

Retained Earnings $43,269 $34,526 $34,550 $2,876 $13,521 $42,224
Total Equity $87,066 $68,643 $52,884 $33,235 $43,097 $68,584

Total Liabilities & Owners Equity $136,521 $156,622 $134,702 $191,241 $93,077 $166,241

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $127,763 $131,718 $189,549 $102,610 $141,244 $189,618
Variable Costs(Labor,Material,Carry) $83,387 $85,843 $104,732 $77,261 $104,460 $112,518
Contribution Margin $44,376 $45,875 $84,817 $25,349 $36,784 $77,100
Depreciation $12,327 $11,000 $9,533 $11,720 $6,398 $13,703
SGA(R&D,Promo,Sales,Admin) $20,537 $18,908 $31,147 $24,254 $19,518 $25,974
Other(Fees,Writeoffs,TQM,Bonuses) $2,886 $4,976 $711 $7,900 ($7,083) $9,860
EBIT $8,625 $10,992 $43,427 ($18,526) $17,950 $27,564
Interest(Short term,Long term) $5,468 $9,145 $9,695 $20,089 $5,788 $11,075
Taxes $1,105 $646 $11,806 ($13,515) $4,257 $5,771
Profit Sharing $41 $24 $439 $0 $158 $214
Net Profit $2,011 $1,176 $21,487 ($25,099) $7,748 $10,503
CAPSTONE ® COURIER Page 3
 Round: 5
Production Analysis C134764 Dec. 31, 2027

2nd
Shift Auto
Unit & mation Capacity
Primary Units Inven Revision Age Pfmn Size Material Labor Contr. Over- Next Next Plant
Name Segment Sold tory Date Dec.31 MTBF Coord Coord Price
Cost
Cost Marg. time Round Round Utiliz.
Able Trad 1,005 473 11/11/2025 3.6 16000 7.0 13.0 $20.49 $8.38 $5.70 25% 0% 6.0 1,500 75%
Acre Low 1,865 0 6/7/2027 5.1 12500 4.8 15.2 $16.74 $5.67 $5.13 38% 0% 7.0 1,900 98%
Adam Trad 997 0 5/21/2027 2.0 16500 8.5 11.5 $27.49 $9.67 $6.27 38% 0% 6.0 1,300 42%
Aft Pfmn 196 0 10/11/2027 2.1 17000 9.2 12.8 $27.49 $9.65 $9.12 22% 0% 4.0 400 49%
Agape Size 275 17 5/3/2028 2.6 18000 5.5 8.0 $30.99 $10.88 $9.12 34% 0% 4.0 400 66%
Apple High 923 59 8/1/2027 1.3 22000 13.4 6.6 $37.49 $15.01 $8.29 37% 9% 4.0 850 107%

Baker Trad 557 132 3/20/2027 2.3 16000 6.5 13.5 $27.50 $8.10 $6.49 42% 0% 6.5 1,100 41%
Bead Low 1,246 400 7/18/2028 9.6 14000 3.0 17.0 $19.50 $4.81 $3.89 51% 0% 8.5 1,400 92%
Bid High 856 260 7/6/2027 1.3 23500 13.7 6.3 $37.50 $15.87 $10.26 28% 38% 4.5 800 136%
Bold Trad 1,120 46 6/5/2027 1.6 19000 8.7 11.3 $27.50 $10.69 $8.14 30% 11% 5.5 950 109%
Buddy Trad 1,063 68 6/5/2027 1.6 18000 8.7 11.3 $27.50 $10.39 $7.78 31% 0% 5.5 1,000 99%

Cake Trad 1,498 650 10/10/2027 1.3 17000 7.7 12.0 $22.99 $8.41 $2.36 49% 20% 9.0 1,250 118%
Cedar Low 1,929 0 6/14/2026 5.6 14000 3.7 16.3 $20.49 $4.77 $6.76 43% 100% 7.0 1,000 197%
Cid High 526 0 6/27/2027 1.5 24500 11.4 9.2 $36.49 $12.64 $8.74 39% 0% 3.0 350 84%
Coat Pfmn 492 0 6/11/2027 2.2 27000 11.4 14.6 $31.49 $11.93 $9.21 33% 75% 4.0 285 173%
Cure Size 1,083 0 8/12/2027 1.5 21000 7.3 6.6 $32.99 $11.57 $9.46 37% 100% 4.4 580 197%
CH High 590 99 12/2/2027 1.0 22500 12.8 7.6 $37.99 $13.13 $2.70 59% 100% 9.0 370 197%
CP Pfmn 689 0 12/14/2027 1.1 27000 13.8 12.8 $32.99 $13.33 $2.70 53% 100% 9.0 350 197%

Daze Trad 1,019 3,012 8/29/2027 1.5 17000 7.6 12.5 $23.75 $9.00 $7.61 3% 0% 5.0 1,800 88%
Dell Low 2,298 984 8/8/2027 5.0 14000 3.3 16.9 $16.75 $4.86 $4.06 43% 17% 8.0 2,400 116%
Duck High 151 1,189 10/18/2027 1.7 22000 11.5 9.0 $37.50 $13.25 $10.15 -23% 0% 3.0 900 61%
Dot Pfmn 545 0 10/20/2027 1.4 27000 12.4 15.4 $32.75 $13.48 $10.15 29% 0% 3.0 600 91%
Dune Size 498 461 9/9/2027 1.4 21000 6.2 7.8 $32.95 $11.88 $10.15 27% 0% 3.0 600 91%

Eat Trad 1,052 508 8/14/2026 2.8 16000 8.0 12.2 $26.50 $9.19 $9.04 27% 43% 5.1 700 142%
Ebb Low 2,418 110 2/13/2026 6.6 14000 5.0 16.0 $18.50 $6.01 $6.87 29% 67% 6.7 1,500 166%
Echo High 431 237 9/9/2027 1.4 22000 12.2 7.7 $38.00 $14.33 $11.19 28% 10% 3.0 500 110%
Edge Pfmn 848 0 8/1/2027 1.6 26000 13.4 13.4 $32.99 $14.35 $12.32 19% 68% 3.3 505 168%
Egg Size 726 128 7/28/2027 1.5 18000 6.7 6.7 $33.49 $11.92 $11.96 27% 50% 3.3 500 150%
End 0 0 2/29/2028 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 1.0 600 0%

Fast Trad 1,134 824 7/3/2027 1.5 14500 8.2 11.8 $24.75 $8.19 $5.36 36% 0% 6.0 1,850 54%
Feat Low 2,494 971 4/21/2027 5.1 12500 4.7 15.3 $17.48 $5.18 $2.64 54% 94% 10.0 1,800 193%
Fist Trad 803 62 2/28/2027 2.5 16000 9.5 10.6 $28.00 $9.48 $7.14 36% 30% 5.0 600 129%
Foam Pfmn 847 0 7/24/2027 1.5 27001 13.8 13.1 $32.89 $13.62 $8.15 34% 22% 4.0 780 121%
Fume Size 515 0 8/1/2027 1.5 18000 6.8 6.3 $32.90 $11.09 $8.57 41% 0% 3.0 600 86%
Foo High 792 0 7/1/2027 1.0 23500 13.0 7.0 $38.00 $14.03 $9.65 38% 14% 2.5 800 113%
Faa Size 624 0 6/21/2027 1.1 19000 7.2 5.9 $33.00 $11.62 $9.11 37% 0% 2.5 680 92%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C134764 Round: 5
Dec. 31, 2027

Traditional Statistics
Total Industry Unit Demand 9,747
Actual Industry Unit Sales |9,747
Segment % of Total Industry |28.5%

Next Year's Segment Growth Rate |0.2%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $17.50 - 27.50 23%
3. Ideal Position Pfmn 8.5 Size 11.5 21%
4. Reliability MTBF 14000-19000 9%

Top Products in Traditional Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Cake 15% 1,424 10/10/2027 7.7 12.0 $22.99 17000 1.33 $1,550 100% $2,392 90% 54
Fast 12% 1,132 7/3/2027 8.2 11.8 $24.75 14500 1.52 $1,400 96% $2,003 80% 49
Bold 11% 1,120 6/5/2027 8.7 11.3 $27.50 19000 1.58 $1,600 82% $1,200 91% 50
Buddy 11% 1,063 6/5/2027 8.7 11.3 $27.50 18000 1.57 $1,600 82% $1,200 91% 47
Eat 11% 1,052 8/14/2026 8.0 12.2 $26.50 16000 2.77 $1,400 100% $1,635 74% 31
Adam 10% 997 5/21/2027 YES 8.5 11.5 $27.49 16500 1.98 $1,120 98% $2,419 82% 53
Daze 10% 959 8/29/2027 7.6 12.5 $23.75 17000 1.51 $1,920 97% $2,316 69% 41
Fist 8% 767 2/28/2027 9.5 10.6 $28.00 16000 2.47 $1,400 94% $1,558 80% 32
Able 6% 627 11/11/2025 7.0 13.0 $20.49 16000 3.57 $1,120 74% $2,225 82% 14
Baker 6% 557 3/20/2027 6.5 13.5 $27.50 16000 2.26 $1,600 60% $1,200 91% 19
Aft 1% 49 10/11/2027 YES 9.2 12.8 $27.49 17000 2.14 $200 63% $484 82% 31

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C134764 Round: 5
Dec. 31, 2027

Low End Statistics

Total Industry Unit Demand 12,765
Actual Industry Unit Sales |12,765
Segment % of Total Industry |37.3%

Next Year's Segment Growth Rate |0.1%

Low End Customer Buying Criteria
Expectations Importance
1. Price $12.50 - 22.50 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 4.2 Size 15.8 16%
4. Reliability MTBF 12000-17000 7%

Top Products in Low End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Feat 20% 2,494 4/21/2027 4.7 15.3 $17.48 12500 5.15 $1,400 92% $2,114 80% 37
Ebb 19% 2,418 2/13/2026 5.0 16.0 $18.50 14000 6.57 $1,400 100% $2,044 73% 35
Dell 18% 2,298 8/8/2027 3.3 16.9 $16.75 14000 5.00 $1,920 94% $1,930 65% 28
Cedar 15% 1,929 6/14/2026 YES 3.7 16.3 $20.49 14000 5.57 $1,550 100% $1,794 94% 29
Acre 15% 1,865 6/7/2027 YES 4.8 15.2 $16.74 12500 5.08 $1,120 92% $1,935 75% 35
Bead 10% 1,246 7/18/2028 3.0 17.0 $19.50 14000 9.60 $1,600 83% $1,200 61% 11
Able 3% 377 11/11/2025 7.0 13.0 $20.49 16000 3.57 $1,120 98% $2,225 75% 8
Cake 1% 74 10/10/2027 7.7 12.0 $22.99 17000 1.33 $1,550 74% $2,392 94% 0
Daze 0% 61 8/29/2027 7.6 12.5 $23.75 17000 1.51 $1,920 66% $2,316 65% 0
Fast 0% 2 7/3/2027 8.2 11.8 $24.75 14500 1.52 $1,400 74% $2,003 80% 0

CAPSTONE ® COURIER Page 6

High End Segment Analysis C134764 Round: 5
Dec. 31, 2027

High End Statistics

Total Industry Unit Demand 4,305
Actual Industry Unit Sales |4,305
Segment % of Total Industry |12.6%

Next Year's Segment Growth Rate |2.3%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 13.4 Size 6.6 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $27.50 - 37.50 9%

Top Products in High End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Apple 21% 923 8/1/2027 13.4 6.6 $37.49 22000 1.25 $1,180 87% $2,129 73% 43
Bid 20% 856 7/6/2027 13.7 6.3 $37.50 23500 1.33 $1,400 80% $1,200 57% 41
Foo 18% 792 7/1/2027 YES 13.0 7.0 $38.00 23500 0.97 $1,400 73% $1,558 72% 44
CH 14% 590 12/2/2027 12.8 7.6 $37.99 22500 1.04 $1,300 100% $2,243 97% 47
Cid 12% 526 6/27/2027 YES 11.4 9.2 $36.49 24500 1.55 $1,300 100% $2,243 97% 23
Echo 10% 431 9/9/2027 12.2 7.7 $38.00 22000 1.42 $1,550 97% $1,390 62% 22
Duck 4% 151 10/18/2027 11.5 9.0 $37.50 22000 1.67 $1,700 100% $2,123 65% 11
Fist 1% 36 2/28/2027 9.5 10.6 $28.00 16000 2.47 $1,400 72% $1,558 72% 0

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C134764 Round: 5
Dec. 31, 2027

Performance Statistics
Total Industry Unit Demand 3,691
Actual Industry Unit Sales |3,567
Segment % of Total Industry |10.8%

Next Year's Segment Growth Rate |-0.1%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 14.4 Size 12.5 29%
3. Price $22.50 - 32.50 19%
4. Age Ideal Age = 1.0 9%

Top Products in Performance Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Edge 24% 848 8/1/2027 YES 13.4 13.4 $32.99 26000 1.61 $1,400 96% $1,472 57% 31
Foam 24% 847 7/24/2027 YES 13.8 13.1 $32.89 27001 1.51 $1,350 83% $1,335 65% 46
CP 19% 689 12/14/2027 YES 13.8 12.8 $32.99 27000 1.09 $1,450 100% $2,093 94% 64
Dot 15% 545 10/20/2027 YES 12.4 15.4 $32.75 27000 1.40 $1,820 90% $1,641 55% 24
Coat 14% 492 6/11/2027 YES 11.4 14.6 $31.49 27000 2.18 $1,350 98% $2,093 94% 36
Aft 4% 147 10/11/2027 YES 9.2 12.8 $27.49 17000 2.14 $200 61% $484 20% 0

CAPSTONE ® COURIER Page 8

Size Segment Analysis C134764 Round: 5
Dec. 31, 2027

Size Statistics
Total Industry Unit Demand 3,721
Actual Industry Unit Sales |3,721
Segment % of Total Industry |10.9%

Next Year's Segment Growth Rate |0.2%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 7.5 Size 5.6 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $22.50 - 32.50 9%

Top Products in Size Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Cure 29% 1,083 8/12/2027 YES 7.3 6.6 $32.99 21000 1.47 $1,450 100% $2,093 86% 55
Egg 20% 726 7/28/2027 6.7 6.7 $33.49 18000 1.55 $1,650 94% $1,635 60% 21
Faa 17% 624 6/21/2027 YES 7.2 5.9 $33.00 19000 1.06 $1,440 71% $1,224 68% 43
Fume 14% 515 8/1/2027 YES 6.8 6.3 $32.90 18000 1.50 $1,250 71% $1,335 68% 31
Dune 13% 498 9/9/2027 6.2 7.8 $32.95 21000 1.43 $1,800 94% $1,641 54% 20
Agape 7% 275 5/3/2028 5.5 8.0 $30.99 18000 2.55 $400 63% $484 43% 7

CAPSTONE ® COURIER Page 9

 Round: 5
Market Share C134764 Dec. 31, 2027

Actual Market Share in Units Potential Market Share in Units

Trad Low High Pfmn Size Total Trad Low High Pfmn Size Total
Industry Unit Sales 9,747 12,765 4,305 3,567 3,721 34,104 Units Demanded 9,747 12,765 4,305 3,691 3,721 34,229
% of Market 28.6% 37.4% 12.6% 10.5% 10.9% 100.0% % of Market 28.5% 37.3% 12.6% 10.8% 10.9% 100.0%

Able 6.4% 3.0% 2.9% Able 6.3% 2.8% 2.8%

Acre 14.6% 5.5% Acre 18.1% 6.7%
Adam 10.2% 2.9% Adam 11.1% 3.2%
Aft 0.5% 4.1% 0.6% Aft 1.9% 6.2% 1.2%
Agape 7.4% 0.8% Agape 6.7% 0.7%
Apple 21.4% 2.7% Apple 20.3% 2.6%
Total 17.2% 17.6% 21.4% 4.1% 7.4% 15.4% Total 19.4% 20.8% 20.3% 6.2% 6.7% 17.2%

Baker 5.7% 1.6% Baker 5.6% 1.6%

Bead 9.8% 3.6% Bead 9.2% 3.4%
Bid 19.9% 2.5% Bid 18.8% 2.4%
Bold 11.5% 3.3% Bold 11.2% 3.2%
Buddy 10.9% 3.1% Buddy 10.6% 3.0%
Total 28.1% 9.8% 19.9% 14.2% Total 27.3% 9.2% 18.8% 13.6%

Cake 14.6% 0.6% 4.4% Cake 14.3% 0.5% 4.3%

Cedar 15.1% 5.7% Cedar 15.9% 5.9%
Cid 12.2% 1.5% Cid 11.7% 1.5%
Coat 13.8% 1.4% Coat 17.9% 1.9%
Cure 29.1% 3.2% Cure 28.2% 3.1%
CH 13.7% 1.7% CH 13.5% 1.7%
CP 19.3% 2.0% CP 26.5% 2.9%
Total 14.6% 15.7% 25.9% 33.1% 29.1% 20.0% Total 14.2% 16.5% 25.1% 44.4% 28.2% 21.2%

Daze 9.8% 0.5% 3.0% Daze 9.6% 0.4% 2.9%

Dell 18.0% 6.7% Dell 16.9% 6.3%
Duck 3.5% 0.4% Duck 3.3% 0.4%
Dot 15.3% 1.6% Dot 10.2% 1.1%
Dune 13.4% 1.5% Dune 10.0% 1.1%
Total 9.8% 18.5% 3.5% 15.3% 13.4% 13.2% Total 9.6% 17.3% 3.3% 10.2% 10.0% 11.8%

Eat 10.8% 3.1% Eat 10.6% 3.0%

Ebb 18.9% 7.1% Ebb 17.8% 6.6%
Echo 10.0% 1.3% Echo 9.5% 1.2%
Edge 23.8% 2.5% Edge 17.1% 1.8%
Egg 19.5% 2.1% Egg 14.8% 1.6%
Total 10.8% 18.9% 10.0% 23.8% 19.5% 16.1% Total 10.6% 17.8% 9.5% 17.2% 14.8% 14.3%

Fast 11.6% 3.3% Fast 11.3% 3.2%

Feat 19.5% 7.3% Feat 18.3% 6.8%
Fist 7.9% 0.8% 2.4% Fist 7.7% 0.8% 2.3%
Foam 23.7% 2.5% Foam 22.1% 2.4%
Fume 13.8% 1.5% Fume 15.0% 1.6%
Foo 18.4% 2.3% Foo 22.1% 2.8%
Faa 16.8% 1.8% Faa 25.4% 2.8%
Total 19.5% 19.6% 19.2% 23.7% 30.6% 21.1% Total 18.9% 18.4% 22.9% 22.1% 40.4% 21.9%

CAPSTONE ® COURIER Page 10

 Round: 5
Perceptual Map C134764 Dec. 31, 2027

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Able 7.0 13.0 11/11/2025 Baker 6.5 13.5 3/20/2027 Cake 7.7 12.0 10/10/2027
Acre 4.8 15.2 6/7/2027 Bead 3.0 17.0 7/18/2028 Cedar 3.7 16.3 6/14/2026
Adam 8.5 11.5 5/21/2027 Bid 13.7 6.3 7/6/2027 Cid 11.4 9.2 6/27/2027
Aft 9.2 12.8 10/11/2027 Bold 8.7 11.3 6/5/2027 Coat 11.4 14.6 6/11/2027
Agape 5.5 8.0 5/3/2028 Buddy 8.7 11.3 6/5/2027 Cure 7.3 6.6 8/12/2027
Apple 13.4 6.6 8/1/2027 CH 12.8 7.6 12/2/2027
CP 13.8 12.8 12/14/2027

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 7.6 12.5 8/29/2027 Eat 8.0 12.2 8/14/2026 Fast 8.2 11.8 7/3/2027
Dell 3.3 16.9 8/8/2027 Ebb 5.0 16.0 2/13/2026 Feat 4.7 15.3 4/21/2027
Duck 11.5 9.0 10/18/2027 Echo 12.2 7.7 9/9/2027 Fist 9.5 10.6 2/28/2027
Dot 12.4 15.4 10/20/2027 Edge 13.4 13.4 8/1/2027 Foam 13.8 13.1 7/24/2027
Dune 6.2 7.8 9/9/2027 Egg 6.7 6.7 7/28/2027 Fume 6.8 6.3 8/1/2027
Foo 13.0 7.0 7/1/2027
Faa 7.2 5.9 6/21/2027

CAPSTONE ® COURIER Page 11

 Round: 5
HR/TQM Report C134764 Dec. 31, 2027
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 568 613 586 717 802 757
Complement 562 613 586 718 802 757
1st Shift Complement 557 549 342 690 537 632
2nd Shift Complement 6 63 244 28 265 125
Overtime Percent 1.1% 0.0% 0.0% 0.0% 0.0% 0.0%
Turnover Rate 8.0% 8.6% 6.7% 8.4% 10.0% 8.1%
New Employees 45 52 39 60 88 61
Separated Employees 209 265 60 94 0 71
Recruiting Spend $1,000 $2,000 $5,000 $750 $0 $3,000
Training Hours 50 30 80 40 0 38
Productivity Index 111.6% 105.7% 113.3% 105.5% 100.0% 113.0%
Recruiting Cost $90 $157 $235 $106 $88 $244
Separation Cost $1,045 $1,326 $300 $470 $0 $355
Training Cost $562 $368 $938 $574 $0 $575
Total HR Admin Cost $1,697 $1,851 $1,472 $1,150 $88 $1,174
Labor Contract Next Year
Wages $26.81 $26.81 $26.81 $26.81 $26.81 $26.81
Benefits 2,500 2,500 2,500 2,500 2,500 2,500
Profit Sharing 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Annual Raise 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
Starting Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Ceiling Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Adjusted Labor Demands
Wages
Benefits
Profit Sharing
Annual Raise
Strike Days

TQM SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Process Mgt Budgets Last Year
CPI Systems $0 $0 $100 $1,200 $0 $1,100
VendorJIT $0 $0 $100 $1,200 $0 $500
Quality Initiative Training $1,000 $0 $100 $1,200 $0 $1,200
Channel Support Systems $1,000 $750 $100 $0 $0 $1,400
Concurrent Engineering $0 $750 $100 $1,200 $0 $500
UNEP Green Programs $1,000 $0 $100 $0 $0 $1,100

TQM Budgets Last Year

Benchmarking $0 $750 $100 $0 $0 $500
Quality Function Deployment Effort $1,000 $750 $100 $0 $0 $500
CCE/6 Sigma Training $0 $750 $100 $1,200 $0 $1,200
GEMI TQEM Sustainability Initiatives $0 $0 $100 $1,000 $0 $1,400
Total Expenditures $4,000 $3,750 $1,000 $7,000 $0 $9,400

Cumulative Impacts
Material Cost Reduction 1.33% 0.14% 10.89% 2.29% 0.00% 8.55%
Labor Cost Reduction 9.48% 0.58% 13.07% 3.99% 0.00% 11.98%
Reduction R&D Cycle Time 22.58% 32.16% 40.01% 8.99% 0.00% 38.17%
Reduction Admin Costs 8.44% 28.68% 60.02% 2.91% 0.00% 30.99%
Demand Increase 3.08% 4.28% 13.58% 0.00% 0.00% 10.83%

CAPSTONE ® COURIER Page 12


Ethics Report
Other (Fees, Writeoffs, etc.)
Demand Factor
Material Cost Impact
Admin Cost Impact
Productivity Impact
Awareness Impact
Accessibility Impact
Round: 5
C134764 Dec. 31, 2027
ETHICS SUMMARY
The actual dollar impact. Example, $120 means Other increased by $120.
The % of normal. 98% means demand fell 2%.
The % of normal. 104% means matieral costs rose 4%.
The % of normal. 103% means admin costs rose 3%.
The % of normal. 104% means productivity increased by 4%.
The % of normal. 105% means normal awareness was multiplied by 1.05.
The % of normal. 98% means normal accessiblity was multiplied by 0.98.
Normal means the value that would have been produced if the problem had not been presented.

No Impact Andrews Baldwin Chester Digby Erie Ferris

Material Costs
Other (Fees, Writeoffs, etc.) $0 $0 $-900 $0 $0 $0 $0
Demand Factor 100% 96% 100% 96% 96% 96% 96%
Material Cost Impact 100% 101% 110% 101% 101% 101% 101%
Admin Cost Impact 100% 100% 100% 100% 100% 100% 100%
Productivity Impact 100% 100% 100% 100% 100% 100% 100%
Awareness Impact 100% 110% 100% 110% 110% 110% 110%
Accessibility Impact 100% 100% 100% 100% 100% 100% 100%
Total
Other (Fees, Writeoffs, etc.) $0 $0 $-900 $0 $0 $0 $0
Demand Factor 100% 96% 100% 96% 96% 96% 96%
Material Cost Impact 100% 101% 110% 101% 101% 101% 101%
Admin Cost Impact 100% 100% 100% 100% 100% 100% 100%
Productivity Impact 100% 100% 100% 100% 100% 100% 100%
Awareness Impact 100% 110% 100% 110% 110% 110% 110%
Accessibility Impact 100% 100% 100% 100% 100% 100% 100%

CAPSTONE ® COURIER Page 13

 Annual Report
Round: 5
Annual Report Ferris C134764
Dec. 31, 2027
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2027 2026
assets for that year. Cash: Your end-of-year cash Common
position. Accounts Receivable: Reflects the lag between
Size
delivery and payment of your products. Inventories: The Cash $14,784 8.9% $9,739
current value of your inventory across all products. A zero
Account Receivable $15,585 9.4% $14,203
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $20,655 12.4% $17,467
Equipment: The current value of your plant. Accum Total Current Assets $51,024 30.7% $41,409
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $205,540 124.0% $194,980
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($90,324) -54.3% ($76,621)
of operations. It includes emergency loans used to keep Total Fixed Assets $115,216 69.3% $118,359
your company solvent should you run out of cash during Total Assets $166,241 100.0% $159,768
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value LIABILITIES & OWNERS
of your bonds. Common Stock: The amount of capital
EQUITY
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep Accounts Payable $9,306 5.6% $8,938
instead of paying to shareholders as dividends.
Current Debt $6,300 3.8% $19,900
Long Term Debt $82,050 49.4% $73,850
Total Liabilities $97,656 58.7% $102,688

Common Stock $26,360 15.9% $25,360

Retained Earnings $42,224 25.4% $31,721
Total Equity $68,584 41.3% $57,081
Total Liab. & O. Equity $166,241 100.0% $159,768

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2027 2026
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) $10,503 $2,564
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $13,703 $12,999
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs $0 ($235)
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable $369 $1,019
are bad and you find yourself carrying an abundance of excess inventory,
Inventory ($3,188) $4,058
the report would show the increase in inventory as a huge negative cash
Accounts Receivable ($1,382) ($2,894)
flow. Too much unexpected inventory could outstrip your inflows, exhaust
your starting cash and force you to beg for money to keep your company Net cash from operation $20,005 $17,510
afloat. Cash Flows from Investing Activities
Plant Improvements ($10,560) ($21,755)
Cash Flows from Financing Activities
Dividends paid $0 $0
Sales of common stock $1,000 $0
Purchase of common stock $0 $0
Cash from long term debt $8,200 $14,000
Retirement of long term debt $0 ($13,900)
Change in current debt(net) ($13,600) $8,900
Net cash from financing activities ($4,400) $9,000
Net change in cash position $5,045 $4,755
Closing cash position $14,784 $9,739

Annual Report Page 14

 Round: 5
Annual Report Ferris C134764
Dec. 31, 2027
2027 Income Statement
2027 Common
(Product Name) Fast Feat Fist Foam Fume Foo Faa
Total
Size
Sales $28,060 $43,598 $22,490 $27,844 $16,940 $30,101 $20,585 $0 $189,618 100.0%
Variable Costs:
Direct Labor $6,738 $6,582 $5,921 $6,899 $4,414 $7,645 $5,682 $0 $43,881 23.1%
Direct Material $9,886 $12,643 $8,277 $11,454 $5,578 $11,073 $7,248 $0 $66,158 34.9%
Inventory Carry $1,449 $899 $131 $0 $0 $0 $0 $0 $2,479 1.3%
Total Variable $18,074 $20,124 $14,328 $18,352 $9,992 $18,718 $12,930 $0 $112,518 59.3%
Contribution Margin $9,986 $23,474 $8,162 $9,492 $6,947 $11,383 $7,656 $0 $77,100 40.7%
Period Costs:
Depreciation $3,700 $5,520 $1,040 $1,144 $720 $853 $725 $0 $13,703 7.2%
SG&A: R&D $510 $308 $162 $569 $590 $504 $475 $0 $3,119 1.6%
Promotions $1,400 $1,400 $1,400 $1,350 $1,250 $1,400 $1,440 $0 $9,640 5.1%
Sales $2,003 $2,114 $1,558 $1,335 $1,335 $1,558 $1,224 $0 $11,125 5.9%
Admin $309 $481 $248 $307 $187 $332 $227 $0 $2,090 1.1%
Total Period $7,922 $9,823 $4,407 $4,705 $4,082 $4,647 $4,091 $0 $39,677 20.9%
Net Margin $2,064 $13,652 $3,755 $4,787 $2,866 $6,736 $3,564 $0 $37,424 19.7%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $9,860 5.2%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $27,564 14.5%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $517 0.3%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $10,558 5.6%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $5,771 3.0%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $214 0.1%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $10,503 5.5%
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Annual Report Page 15