Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share

Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map
Page 3 Financial Summary Page 7 Nano Segment Analysis Page 11 HR/TQM Report
Page 4 Production Analysis Page 8 Elite Segment Analysis

Annual Report Andrews Annual Report Baldwin Annual Report Chester Annual Report Digby

Print

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Round 0
Dec. 31 2023 Riya
Report Thakur

Andrews Baldwin Chester

Riya Thakur

Digby

Selected Financial Statistics

Andrews Baldwin Chester Digby

ROS 12.3% 8.6% 9% 5.7%

Asset Turnover 1.32 0.94 1.28 0.91

ROA 16.3% 8.1% 11.5% 5.2%

Leverage (Assets/Equity) 1.7 2.4 1.9 2.7

ROE 28.3% 19.1% 21.8% 13.8%

Emergency Loan $0 $0 $0 $0

Sales $163,508,343 $118,743,986 $119,634,264 $131,743,001

EBIT $36,517,609 $23,725,791 $21,078,734 $21,799,379

Profits $20,172,293 $10,177,267 $10,722,727 $7,539,554

Cumulative Profit $0 $0 $0 $0

SG&A / Sales 7.8% 11.2% 10.3% 9.6%

Contrib. Margin % 34.1% 38.8% 32.9% 33.8%

Percent Of Sales $ Market Share

125%

Digby
24.7 %
Andrews
100% 30.6 %
Other
SGA
Depr
75% Var Costs
Profit

50%

25%

Chester
22.4 %

0% Baldwin
Andrews Baldwin Chester Digby 22.3 %

Market Share information is provided on Page 7.

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Round 0
Stocks & Bonds Riya Thakur Dec. 31 2023

Stock Market Summary

Company Close Change Shares MarketCap($M) Book Value Per Share EPS Dividend Yield P/E

Andrews $95.61 $15.14 2,051,119 $196 $34.74 $9.83 $6.50 6.8% 9.7

Baldwin $53.14 $10.88 2,173,342 $115 $24.47 $4.68 $2.89 5.4% 11.3

Chester $54.93 $6.27 1,909,810 $105 $25.72 $5.61 $2.35 4.3% 9.8

Digby $44.71 $0.94 2,566,155 $115 $21.32 $2.94 $4.96 11.1% 15.2

Closing Stock Price Andrews

Baldwin
$100
Chester
Digby

$80

$60

$40

$20

$0
2019 2020 2021 2022 2023 2024 2025 2026 2027

Bond Market Summary

Company Series# Face Yield Close$ S&P

Andrews

13.5S2025 $11,300,000 13.0% 103.58 BB

11.2S2030 $8,837,000 11.3% 99.07 BB

11.9S2031 $7,072,000 11.6% 102.54 BB

Baldwin

13.5S2025 $11,300,000 13.4% 100.67 CC

11.2S2030 $8,637,463 12.2% 91.62 CC

12.4S2031 $5,827,834 12.8% 96.65 CC

11.9S2033 $15,600,633 12.7% 93.51 CC

Chester

13.5S2025 $11,300,000 13.2% 102.54 B

11.1S2032 $2,505,867 11.7% 95.21 B

11.2S2033 $5,671,177 11.7% 95.48 B

Digby

13.5S2025 $11,300,000 13.5% 100.17 C

11.3S2030 $10,417,600 12.4% 90.83 C

12.5S2031 $14,665,611 13.1% 95.74 C

12.5S2032 $7,975,862 13.1% 95.45 C

12.5S2033 $9,473,322 13.1% 95.19 C

Next Year's Prime Rate 8%

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Round 0
Financial Summary Riya Thakur Dec. 31 2023

Cash Flow Statement Survey

Andrews Baldwin Chester Digby
Cash flows from operating activities
Net Income (Loss) $20,172 $10,177 $10,723 $7,540
Adjustment for non-cash items:
Depreciation $6,455 $8,293 $5,625 $9,527
Extraordinary gains/losses/writeoffs $0 $0 $0 $0
Changes in current assets and liabilities:
Accounts payable $735 $608 $1,216 $1,457
Inventory ($11,210) $1,388 ($2,062) ($2,615)
Accounts receivable $15 ($946) ($1,778) ($1,043)
Net cash from operations $16,168 $19,521 $13,725 $14,864

Cash flows from investing activities

Plant improvements (net) ($3,520) ($26,642) ($6,500) ($15,800)
Cash flows from financing activities
Dividends paid ($13,332) ($6,270) ($4,479) ($12,733)
Sales of common stock $0 $0 $0 $0
Purchase of common stock ($1,935) $0 ($1,833) $0
Cash from long term debt issued $0 $15,601 $5,671 $9,473
Early retirement of long term debt $0 $0 $0 $0
Retirement of current debt ($5,725) ($15,869) ($10,493) ($22,180)
Cash from current debt borrowing $8,184 $19,612 $12,110 $21,713
Cash from emergency loan $0 $0 $0 $0

Net cash from financing activities ($12,808) $13,073 $977 ($3,727)

Net change in cash position ($160) $5,952 $8,201 ($4,662)

Balance Sheet Survey

Andrews Baldwin Chester Digby
Cash $32,014 $32,550 $17,334 $32,316
Accounts Receivable $13,439 $9,760 $9,833 $10,828
Inventory $25,825 $6,407 $17,117 $10,293
Total Current Assets $71,278 $48,717 $44,284 $53,437

Plant and equipment $96,824 $124,400 $84,380 $142,900

Accumulated Depreciation ($44,409) ($47,289) ($35,023) ($51,265)
Total Fixed Assets $52,415 $77,111 $49,357 $91,635

Total Assets $123,693 $125,828 $93,641 $145,072

Accounts Payable $9,516 $5,796 $6,601 $7,283

Current Debt $15,717 $25,494 $18,436 $29,246
Total Current Liabilities $25,233 $31,290 $25,037 $36,529

Long Term Debt $27,209 $41,366 $19,477 $53,832

Total Liabilities $52,443 $72,657 $44,514 $90,362

Common Stock $12,081 $14,385 $9,100 $24,679

Retained Earnings $59,170 $38,786 $40,027 $30,031
Total Equity $71,250 $53,171 $49,127 $54,710

Total Liabilities & Owner's Equity $123,693 $125,828 $93,641 $145,072

Income Statement Survey

Andrews Baldwin Chester Digby
Sales $163,508 $118,744 $119,634 $131,743
Variable Costs (Labor, Material, Carry) $107,672 $72,680 $80,302 $87,231
Contribution Margin $55,836 $46,064 $39,332 $44,512
Depreciation $6,455 $8,293 $5,625 $9,527
SGA (R&D, Promo, Sales, Admin) $12,835 $13,265 $12,317 $12,712
Other (Fees, Writeoffs, TQM, Bonuses $29 $780 $311 $474
EBIT $36,518 $23,726 $21,079 $21,799
Interest (Short term, Long term) $4,850 $7,749 $4,246 $9,963
Taxes $11,084 $5,592 $5,892 $4,143
Profit Sharing $412 $208 $219 $154
Net Profit $20,172 $10,177 $10,723 $7,540

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Round 0
Production Analysis Riya Thakur Dec. 31 2023

Production Capacity

Andrews

Baldwin

Chester

Digby

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500

Capacity Production

Andrews Baldwin Chester Digby

Units Produced 5,594 4,751 3,416 5,941

Production Information
Capacity
Primary Units Unit Revision Age Pfmn Size Material Labor Contr. 2nd Shift & Automation Next Plant
Name Segment Sold Inventory Date Dec.31 MTBF Coord Coord Price Cost Cost Marg. Overtime Next Round Round Utiliz.

Ace Thrift 1,371 758 4/13/2021 5.1 20000 6.3 13.8 $26.00 $8.13 $7.90 33% 90% 6.0 1,130 188%

Awe Core 1,830 47 12/10/2022 2.2 22000 9.0 11.1 $32.00 $11.60 $8.96 35% 50% 5.0 1,200 149%

Ark Nano 922 264 11/9/2023 1.1 24000 11.7 6.5 $40.00 $16.13 $10.29 33% 42% 4.0 728 141%

Able Elite 772 216 11/14/2023 1.1 26000 13.8 8.5 $42.00 $16.81 $9.80 36% 22% 4.0 714 121%

Bolt Thrift 1,726 22 6/27/2024 3.5 14000 6.6 13.5 $20.00 $6.65 $2.82 51% 100% 9.0 1,000 198%

Buzz Core 1,881 14 11/30/2023 1.2 16000 9.2 10.9 $22.00 $10.01 $5.64 31% 100% 7.0 1,150 198%

Brat Nano 699 162 12/22/2023 1.1 18000 11.1 7.2 $31.00 $13.64 $6.24 36% 25% 6.0 750 124%

Baker Elite 604 134 11/5/2023 1.1 20000 13.1 9.0 $35.00 $14.36 $7.09 38% 8% 5.0 800 107%

Cozy Nano 1,128 86 11/12/2023 2.2 23000 10.0 8.3 $30.00 $13.98 $9.50 25% 93% 5.0 570 191%

Cute Elite 436 145 12/13/2023 1.9 25000 13.2 9.1 $38.00 $15.87 $7.73 41% 0% 5.0 700 64%

Crimp Nano 960 262 12/22/2023 1.0 23000 11.6 6.5 $37.00 $15.79 $8.65 33% 33% 5.0 850 132%

Cake Elite 865 240 12/5/2023 1.0 25000 13.6 8.5 $39.00 $16.39 $8.14 36% 13% 5.0 950 111%

Dome Thrift 1,340 236 12/11/2023 2.8 17000 7.4 12.7 $19.00 $8.40 $4.03 41% 33% 8.0 1,050 132%

Dug Thrift 1,674 284 12/19/2023 2.6 17000 7.6 12.5 $19.00 $8.61 $4.22 37% 57% 8.0 1,250 155%

Daft Core 1,290 148 12/3/2023 1.2 18000 10.0 9.7 $27.00 $11.68 $7.38 30% 93% 6.0 900 191%

Daze Core 1,417 83 11/19/2023 1.2 20000 10.7 10.2 $28.00 $12.39 $7.38 30% 93% 6.0 950 191%

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Thrift Market Segment Round 0
Analysis Riya Thakur Dec. 31 2023

Thrift Statisitcs Accessibility Thrift

Total Industry Unit Demand 5,104

Actual Industry Unit Sales 5,104

Andrews
Segment % of Total Industry 27%

Next Year's Segment Growth Rate 11%

Baldwin
Thrift Customer Buying Criteria
Expectations Importance

1. Price $14.00 - 26.00 55% Chester

2. Reliability MTBF 14000-20000 20%

3. Ideal Position Pfmn 7.1 Size 13.0 15%

4. Age Ideal Age = 3.0 10%

Digby

0% 10% 20% 30% 40% 50% 60% 70% 80%

Perceptual Map For Thrift Actual vs Potential Market Share Thrift

20 60%

18
50%
16

Ace
Bolt
14 40%
Dome
Dug
12 Buzz
Daze 30%
Daft
Size

10

8
20%

10%
4

2
0%
0 Andrews Baldwin Chester Digby
0 2 4 6 8 10 12 14 16 18 20
Actual Potential
Performance

Top Products in Thrift Segment

Units
Market Sold to Revision Stock Pfmn Size List Age Promo Cust. Sales Cust. Dec. Cust.
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget Awareness Budget Accessibility Survey

Dug 28% 1,404 12/19/2023 7.6 12.5 $19.00 17000 2.56 $1,050 63% $800 62% 30

Dome 23% 1,186 12/11/2023 7.4 12.7 $19.00 17000 2.76 $1,050 63% $1,000 62% 31

Bolt 20% 1,038 6/27/2024 6.6 13.5 $20.00 14000 3.46 $950 52% $1,000 63% 18

Ace 16% 841 4/13/2021 6.3 13.8 $26.00 20000 5.11 $1,200 79% $2,000 74% 13

Buzz 10% 515 11/30/2023 9.2 10.9 $22.00 16000 1.17 $950 52% $1,000 63% 6

Daft 1% 72 12/3/2023 10.0 9.7 $27.00 18000 1.21 $1,050 62% $600 62% 0

Daze 1% 48 11/19/2023 10.7 10.2 $28.00 20000 1.25 $1,050 63% $600 62% 0

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Round 0
Core Market Segment Analysis Riya Thakur Dec. 31 2023

Core Statisitcs Accessibility Core

Total Industry Unit Demand 6,681

Actual Industry Unit Sales 6,681

Andrews
Segment % of Total Industry 35.3%

Next Year's Segment Growth Rate 10%

Baldwin
Core Customer Buying Criteria
Expectations Importance

1. Price $20.00 - 32.00 46% Chester

2. Age Ideal Age = 2.0 20%

3. Reliability MTBF 16000-22000 18%

4. Ideal Position Pfmn 9.2 Size 10.9 16%

Digby

0% 20% 40% 60% 80% 100%

Perceptual Map For Core Actual vs Potential Market Share Core

20 40%

18

16
30%
Ace
Bolt
14
Dome
Dug
12 Awe
Buzz
Daze 20%
Daft
Size

10 Cute
Baker
Cozy
8 Brat

6 10%

2
0%
0 Andrews Baldwin Chester Digby
0 2 4 6 8 10 12 14 16 18 20
Actual Potential
Performance

Top Products in Core Segment

Units
Market Sold to Revision Stock Pfmn Size List Age Promo Cust. Sales Cust. Dec. Cust.
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget Awareness Budget Accessibility Survey

Buzz 20% 1,366 11/30/2023 9.2 10.9 $22.00 16000 1.17 $950 52% $1,000 62% 33

Awe 18% 1,228 12/10/2022 9.0 11.1 $32.00 22000 2.24 $1,200 80% $1,000 85% 27

Daze 15% 988 11/19/2023 10.7 10.2 $28.00 20000 1.25 $1,050 63% $600 58% 18

Daft 15% 980 12/3/2023 10.0 9.7 $27.00 18000 1.21 $1,050 62% $600 58% 18

Bolt 10% 688 6/27/2024 6.6 13.5 $20.00 14000 3.46 $950 52% $1,000 62% 9

Ace 8% 530 4/13/2021 6.3 13.8 $26.00 20000 5.11 $1,200 79% $2,000 85% 5

Cozy 6% 414 11/12/2023 10.0 8.3 $30.00 23000 2.19 $1,100 71% $400 22% 7

Dug 4% 270 12/19/2023 7.6 12.5 $19.00 17000 2.56 $1,050 63% $800 58% 27

Dome 2% 154 12/11/2023 7.4 12.7 $19.00 17000 2.76 $1,050 63% $1,000 58% 26

Brat 1% 54 12/22/2023 11.1 7.2 $31.00 18000 1.08 $950 53% $600 62% 0

Baker 0% 8 11/5/2023 13.1 9.0 $35.00 20000 1.12 $950 52% $1,300 62% 0

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Round 0
Nano Market Segment Analysis Riya Thakur Dec. 31 2023

Nano Statisitcs Accessibility Nano

Total Industry Unit Demand 3,651

Actual Industry Unit Sales 3,651

Andrews
Segment % of Total Industry 19.3%

Next Year's Segment Growth Rate 14%

Baldwin
Nano Customer Buying Criteria
Expectations Importance

1. Ideal Position Pfmn 11.1 Size 7.0 35% Chester

2. Price $28.00 - 40.00 27%

3. Age Ideal Age = 1.0 20%

4. Reliability MTBF 18000-24000 18%

Digby

0% 10% 20% 30% 40% 50% 60% 70% 80% 9…

Perceptual Map For Nano Actual vs Potential Market Share Nano

20 50%

18

16 40%

14

30%
12 Awe
Daze
Daft
Size

10 Cute
Baker
Cozy Cake
Able
20%
8 Brat
Crimp
Ark
6
10%
4

2
0%
0 Andrews Baldwin Chester Digby
0 2 4 6 8 10 12 14 16 18 20
Actual Potential
Performance

Top Products in Nano Segment

Units
Market Sold to Revision Stock Pfmn Size List Age Promo Cust. Sales Cust. Dec. Cust.
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget Awareness Budget Accessibility Survey

Crimp 18% 660 12/22/2023 11.6 6.5 $37.00 23000 1.04 $1,100 70% $1,200 81% 44

Ark 17% 631 11/9/2023 11.7 6.5 $40.00 24000 1.12 $1,200 78% $1,000 82% 42

Brat 13% 464 12/22/2023 11.1 7.2 $31.00 18000 1.08 $950 53% $600 66% 37

Cozy 12% 431 11/12/2023 10.0 8.3 $30.00 23000 2.19 $1,100 71% $400 81% 43

Awe 8% 296 12/10/2022 9.0 11.1 $32.00 22000 2.24 $1,200 80% $1,000 82% 10

Cake 7% 260 12/5/2023 13.6 8.5 $39.00 25000 1.05 $1,100 69% $1,200 81% 10

Daze 7% 240 11/19/2023 10.7 10.2 $28.00 20000 1.25 $1,050 63% $600 28% 20

Baker 6% 236 11/5/2023 13.1 9.0 $35.00 20000 1.12 $950 52% $1,300 66% 12

Daft 5% 183 12/3/2023 10.0 9.7 $27.00 18000 1.21 $1,050 62% $600 28% 15

Able 4% 161 11/14/2023 13.8 8.5 $42.00 26000 1.09 $1,200 77% $1,000 82% 4

Cute 2% 90 12/13/2023 13.2 9.1 $38.00 25000 1.91 $1,100 72% $400 81% 13

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Round 0
Elite Market Segment Analysis Riya Thakur Dec. 31 2023

Elite Statisitcs Accessibility Elite

Total Industry Unit Demand 3,479

Actual Industry Unit Sales 3,479

Andrews
Segment % of Total Industry 18.4%

Next Year's Segment Growth Rate 16%

Baldwin
Elite Customer Buying Criteria
Expectations Importance

1. Age Ideal Age = 0.0 34% Chester

2. Price $30.00 - 42.00 24%

3. Ideal Position Pfmn 13.1 Size 9.0 22%

4. Reliability MTBF 20000-26000 20%

Digby

0% 20% 40% 60% 80% 100%

Perceptual Map For Elite Actual vs Potential Market Share Elite

20 50%

18

16 40%

14

30%
12 Awe
Daze
Daft
Size

10 Cute
Baker
Cozy Cake
Able
20%
8 Brat
Crimp
Ark
6
10%
4

2
0%
0 Andrews Baldwin Chester Digby
0 2 4 6 8 10 12 14 16 18 20
Actual Potential
Performance

Top Products in Elite Segment

Units
Market Sold to Revision Stock Pfmn Size List Age Promo Cust. Sales Cust. Dec. Cust.
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget Awareness Budget Accessibility Survey

Able 18% 612 11/14/2023 13.8 8.5 $42.00 26000 1.09 $1,200 77% $1,000 87% 39

Cake 17% 605 12/5/2023 13.6 8.5 $39.00 25000 1.05 $1,100 69% $1,200 81% 40

Baker 10% 361 11/5/2023 13.1 9.0 $35.00 20000 1.12 $950 52% $1,300 55% 25

Cute 10% 346 12/13/2023 13.2 9.1 $38.00 25000 1.91 $1,100 72% $400 81% 32

Awe 9% 306 12/10/2022 9.0 11.1 $32.00 22000 2.24 $1,200 80% $1,000 87% 8

Crimp 9% 300 12/22/2023 11.6 6.5 $37.00 23000 1.04 $1,100 70% $1,200 81% 11

Ark 8% 291 11/9/2023 11.7 6.5 $40.00 24000 1.12 $1,200 78% $1,000 87% 11

Cozy 8% 282 11/12/2023 10.0 8.3 $30.00 23000 2.19 $1,100 71% $400 81% 22

Brat 5% 182 12/22/2023 11.1 7.2 $31.00 18000 1.08 $950 53% $600 55% 11

Daze 4% 141 11/19/2023 10.7 10.2 $28.00 20000 1.25 $1,050 63% $600 19% 11

Daft 2% 54 12/3/2023 10.0 9.7 $27.00 18000 1.21 $1,050 62% $600 19% 5

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Round 0
Market Share Report Riya Thakur Dec. 31 2023

Units Sold vs Demand Market Share

8,000 60%

7,000
50%

6,000

40%
5,000

4,000 30%

3,000
20%

2,000

10%
1,000

0 0%
Thrift Core Nano Elite Andrews Baldwin Chester Digby

Industry Unit Sales Total Unit Demand Thrift Core Nano Elite

Actual Market Share in Units Potential Market Share in Units

Thrift Core Nano Elite Total Thrift Core Nano Elite Total

Industry Unit Sales 5,104 6,681 3,651 3,479 18,914 Units Demanded 5,104 6,681 3,651 3,479 18,914

% of Market 27.0% 35.3% 19.3% 18.4% 100.0% % of Market 27.0% 35.3% 19.3% 18.4% 100.0%

Ace 16.5% 7.9% 7.3% Ace 16.3% 7.8% 7.1%

Awe 18.4% 8.1% 8.8% 9.7% Awe 17.9% 8.1% 8.8% 9.5%

Ark 17.3% 8.4% 4.9% Ark 17.3% 8.4% 4.9%

Able 4.4% 17.6% 4.1% Able 4.4% 17.6% 4.1%

Total 16.5% 26.3% 29.8% 34.8% 25.9% Total 16.3% 25.7% 29.8% 34.8% 25.6%

Bolt 20.3% 10.3% 9.1% Bolt 20.3% 10.2% 9.1%

Buzz 10.1% 20.5% 9.9% Buzz 11.0% 22.2% 10.8%

Brat 0.8% 12.7% 5.2% 3.7% Brat 0.8% 12.7% 5.2% 3.7%

Baker 0.1% 6.5% 10.4% 3.2% Baker 0.1% 6.5% 10.4% 3.2%

Total 30.4% 31.7% 19.2% 15.6% 26.0% Total 31.3% 33.2% 19.2% 15.6% 26.8%

Cozy 6.2% 11.8% 8.1% 6.0% Cozy 6.1% 11.8% 8.1% 5.9%

Cute 2.5% 9.9% 2.3% Cute 2.5% 9.9% 2.3%

Crimp 18.1% 8.6% 5.1% Crimp 18.1% 8.6% 5.1%

Cake 7.1% 17.4% 4.6% Cake 7.1% 17.4% 4.6%

Total 6.2% 39.5% 44.1% 17.9% Total 6.1% 39.5% 44.1% 17.9%

Dome 23.2% 2.3% 7.1% Dome 23.0% 2.3% 7.0%

Dug 27.5% 4.0% 8.9% Dug 27.2% 4.0% 8.7%

Daft 1.4% 14.7% 5.0% 1.6% 6.8% Daft 1.4% 14.3% 5.0% 1.6% 6.7%

Daze 0.9% 14.8% 6.6% 4.0% 7.5% Daze 0.9% 14.4% 6.6% 4.0% 7.4%

Total 53.1% 35.8% 11.6% 5.6% 30.2% Total 52.4% 35.0% 11.6% 5.6% 29.8%

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Round 0
Perceptual Map Riya Thakur Dec. 31 2023

20

18

16

Ace
14 Bolt
Dome
Dug

12
Awe
Buzz
Daze
Size 10 Daft
Cute
Baker
Cozy Cake
Able

8 Brat
Crimp
Ark
6

0
0 2 4 6 8 10 12 14 16 18 20
Performance

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised

Ace 6.3 13.8 4/13/2021 Bolt 6.6 13.5 6/27/2024 Cozy 10.0 8.3 11/12/2023

Awe 9.0 11.1 12/10/2022 Buzz 9.2 10.9 11/30/2023 Cute 13.2 9.1 12/13/2023

Ark 11.7 6.5 11/9/2023 Brat 11.1 7.2 12/22/2023 Crimp 11.6 6.5 12/22/2023

Able 13.8 8.5 11/14/2023 Baker 13.1 9.0 11/5/2023 Cake 13.6 8.5 12/5/2023

Digby

Name Pfmn Size Revised

Dome 7.4 12.7 12/11/2023

Dug 7.6 12.5 12/19/2023

Daft 10.0 9.7 12/3/2023

Daze 10.7 10.2 11/19/2023

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Round 0
HR/TQM Report Riya Thakur Dec. 31 2023
Human Resources Summary

Andrews Baldwin Chester Digby

Needed Complement 804 398 498 539

Complement 804 398 498 539

1st Shift Complement 525 260 371 316

2nd Shift Complement 279 138 127 223

Overtime % 0.0% 0.0% 0.0% 0.0%

Turnover Rate 10.0% 6.6% 10.0% 8.2%

New Employees 140 54 115 112

Separated Employees 0 0 0 0

Recruiting Spend $0 $5,000 $0 $2,500

Training Hours 0 80 0 40

Productivity Index 100.0% 117.6% 100.0% 109.4%

Recruiting Cost $140 $324 $115 $390

Separation Cost $0 $0 $0 $0

Training Cost $0 $637 $0 $431

Total HR Admin Cost $140 $962 $115 $821

Labor Contract Next Year

Wages $25.53 $25.53 $25.53 $25.53

Benefits 2,500 2,500 2,500 2,500

Profit Sharing 2.0% 2.0% 2.0% 2.0%

Annual Raise 5.0% 5.0% 5.0% 5.0%

TQM Summary

Andrews Baldwin Chester Digby

Process Mgt Budgets Last Year

CPI Systems $0 $0 $0 $0

Vendor/JIT $0 $0 $0 $0

Quality Initiative Training $0 $0 $0 $0

Channel Support Systems $0 $0 $0 $0

Concutrent Engineering $0 $0 $0 $0

UNEP Green Programs $0 $0 $0 $0

TQM Budgets Last Year

Benchmarking $0 $0 $0 $0

Quality Function Deployment Effort $0 $0 $0 $0

CCE/6 Sigma Training $0 $0 $0 $0

GEMI TQEM Sustainability Initiatives $0 $0 $0 $0

Total Expenditures $0 $0 $0 $0

Cumulative Impacts

Material Cost Reduction 0.00% 0.00% 0.00% 0.00%

Labor Cost Reduction 0.00% 0.00% 0.00% 0.00%

Reduction R&D Cycle Time 0.00% 0.00% 0.00% 0.00%

Reduction Admin Costs 0.00% 0.00% 0.00% 0.00%

Demand Increase 0.00% 0.00% 0.00% 0.00%

COMP-XM® INQUIRER Page 11

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Round 0
Annual Report Andrews C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
DEFINITIONS: Common Size: The common size
column simply represents each item as a percentage Common Size
of total assets for that year. Cash: Your end-of-year Cash $32,014 25.9% $32,174
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $13,439 10.9% $13,454
Inventories: The current value of your inventory
Inventory $25,825 20.9% $14,616
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $71,278 57.6% $60,244
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $96,824 78.3% $93,304
accumulated depreciation from your plant. Accts Accumulated Depreciation ($44,409) -35.9% ($37,954)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $52,415 42.4% $55,350
the company is obligated to pay during the next year
Total assets $123,693 100% $115,594
of operations. It includes emergency loans used to
keep your company solvent should you run out of LIABILITIES & OWNERS' EQUITY
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Accounts Payable $9,516 7.7% $8,781
this represents the total value of your bonds. Current Debt $15,717 12.7% $5,725
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $27,209 22% $34,742
The profits that the company chose to keep instead of
Total Liabilities $52,442 42.4% $49,248
paying to shareholders as dividends.
Common Stock $12,081 9.8% $12,444

Retained Earnings $59,170 47.8% $53,902

Total Equity $71,251 57.6% $66,346

Total Liab. & O. Equity $123,693 100% $115,594

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
The Cash Flow Statement examines what happened in the Cash Account during the
year. Cash injections appear as positive numbers and cash withdrawals as negative Net income (Loss) $20,172 $21,826
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $6,455 $6,220
When negative cash flows exceed positives, you are forced to seek emergency funding.
For example, if sales are bad and you find yourself carrying an abundance of excess Extraordinary gain/losses/writeoffs $0 $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $735 $2,083
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory ($11,210) ($3,968)

Accounts Receivable $15 ($2,899)

Cash Flow Summary Andrews Net cash from operations $16,168 $23,262

20k Cash Flows from Investing Activities:

Plant Improvements ($3,520) ($1,820)

Cash Flows from Financing Activities:

10k
Dividends paid ($13,332) ($7,948)

Sales of Common Stock $0 $0

Purchase of Common Stock ($1,935) ($541)

0
Cash from long term debt $0 $0

Retirement of long term debt ($7,533) $0

Change in current debt (net) $9,992 ($2,070)

-10k
Net cash from financing activities ($12,808) ($10,559)

Net change in cash position ($160) $10,883

Closing cash position $32,014 $32,174

-20k

Operations Investment Finance Chg. Cash

Annual Report Page 1

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Annual Report Andrews C59559 Dec. 31 2023

2023 Income Statement

Product Name Ace Awe Ark Able Na Na Na Na Total Common Size

Sales $35,636 $58,573 $36,864 $32,434 $0 $0 $0 $0 $163,508 100%

Variable Costs:

Direct Labor $10,824 $16,314 $9,432 $7,619 $0 $0 $0 $0 $44,189 27%

Direct Material $11,557 $21,906 $14,358 $12,563 $0 $0 $0 $0 $60,384 36.9%

Inventory Carry $1,486 $118 $817 $678 $0 $0 $0 $0 $3,099 1.9%

Total Variable $23,867 $38,338 $24,606 $20,860 $0 $0 $0 $0 $107,672 65.9%

Contribution Margin $11,769 $20,235 $12,258 $11,574 $0 $0 $0 $0 $55,836 34.1%

Period Costs:

Depreciation $2,260 $2,080 $1,068 $1,047 $0 $0 $0 $0 $6,455 3.9%

R&D $0 $0 $869 $881 $0 $0 $0 $0 $1,750 1.1%

Promotions $1,200 $1,200 $1,200 $1,200 $0 $0 $0 $0 $4,800 2.9%

Sales $2,000 $1,000 $1,000 $1,000 $0 $0 $0 $0 $5,000 3.1%

Admin $280 $460 $290 $255 $0 $0 $0 $0 $1,285 0.8%

Total Period $5,740 $4,740 $4,427 $4,383 $0 $0 $0 $0 $19,290 11.8%

Net Margin $6,029 $15,495 $7,831 $7,192 $0 $0 $0 $0 $36,547 22.4%

Other $29 0%
Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to
produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods EBIT $36,518 22.3%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $1,493 0.9%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $3,357 2.1%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $11,084 6.8%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $412 0.3%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $20,172 12.3%
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 year's current debt, including Variables Margins
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% 40%
tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net
Profit: EBIT minus interest, taxes, and profit sharing.

30%

20%

10%

0%

Ace Awe Ark Able NA NA

NA NA

COOKIE SETTINGS
 Profit History Market Share History
$25,000 40%

$20,000
30%

$15,000

20%

$10,000

10%
$5,000

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

40% 1.5

1.3

30%

1.0

20% 0.8

0.5

10%

0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

15% 20%

12.5%

15%

10%

7.5% 10%

5%

5%

2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

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 PRINT

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Round 0
Annual Report Baldwin C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
DEFINITIONS: Common Size: The common size
column simply represents each item as a percentage Common Size

of total assets for that year. Cash: Your end-of-year Cash $32,550 25.9% $26,598
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $9,760 7.8% $8,814
Inventories: The current value of your inventory
Inventory $6,407 5.1% $7,795
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $48,717 38.7% $43,207
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $124,400 98.9% $97,758
accumulated depreciation from your plant. Accts Accumulated Depreciation ($47,289) -37.6% ($38,996)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $77,111 61.3% $58,762
the company is obligated to pay during the next year
Total assets $125,828 100% $101,970
of operations. It includes emergency loans used to
keep your company solvent should you run out of LIABILITIES & OWNERS' EQUITY
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Accounts Payable $5,796 4.6% $5,189
this represents the total value of your bonds. Current Debt $25,494 20.3% $15,869
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $41,366 32.9% $31,647
The profits that the company chose to keep instead of
Total Liabilities $72,656 57.7% $52,705
paying to shareholders as dividends.
Common Stock $14,385 11.4% $14,385

Retained Earnings $38,786 30.8% $34,879

Total Equity $53,171 42.3% $49,264

Total Liab. & O. Equity $125,828 100% $101,970

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
The Cash Flow Statement examines what happened in the Cash Account during the
year. Cash injections appear as positive numbers and cash withdrawals as negative Net income (Loss) $10,177 $10,624
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $8,293 $6,517
When negative cash flows exceed positives, you are forced to seek emergency funding.
For example, if sales are bad and you find yourself carrying an abundance of excess Extraordinary gain/losses/writeoffs $0 ($3)
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $608 $782
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory $1,388 $1,757

Accounts Receivable ($946) ($1,876)

Cash Flow Summary Baldwin Net cash from operations $19,521 $17,802

30k Cash Flows from Investing Activities:

Plant Improvements ($26,642) ($2,800)

20k Cash Flows from Financing Activities:

Dividends paid ($6,270) ($4,264)

10k
Sales of Common Stock $0 $0

Purchase of Common Stock $0 $0

0
Cash from long term debt $15,601 $0

Retirement of long term debt ($5,882) ($1,648)

-10k
Change in current debt (net) $9,625 ($5,992)

Net cash from financing activities $13,073 ($11,904)

-20k
Net change in cash position $5,952 $3,098

Closing cash position $32,550 $26,598

-30k

Operations Investment Finance Chg. Cash

Annual Report Page 1

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Annual Report Baldwin C59559 Dec. 31 2023

2023 Income Statement

Product Name Bolt Buzz Brat Baker Na Na Na Na Total Common Size

Sales $34,528 $41,382 $21,680 $21,154 $0 $0 $0 $0 $118,744 100%

Variable Costs:

Direct Labor $4,864 $10,585 $4,405 $4,323 $0 $0 $0 $0 $24,177 20.4%

Direct Material $12,077 $18,054 $9,173 $8,431 $0 $0 $0 $0 $47,734 40.2%

Inventory Carry $26 $25 $377 $341 $0 $0 $0 $0 $769 0.6%

Total Variable $16,967 $28,664 $13,954 $13,094 $0 $0 $0 $0 $72,680 61.2%

Contribution Margin $17,561 $12,717 $7,726 $8,060 $0 $0 $0 $0 $46,064 38.8%

Period Costs:

Depreciation $2,800 $2,607 $1,500 $1,387 $0 $0 $0 $0 $8,293 7%

R&D $1,000 $928 $988 $857 $0 $0 $0 $0 $3,772 3.2%

Promotions $950 $950 $950 $950 $0 $0 $0 $0 $3,800 3.2%

Sales $1,000 $1,000 $600 $1,300 $0 $0 $0 $0 $3,900 3.3%

Admin $521 $625 $327 $319 $0 $0 $0 $0 $1,793 1.5%

Total Period $6,271 $6,109 $4,365 $4,813 $0 $0 $0 $0 $21,558 18.2%

Net Margin $11,290 $6,608 $3,361 $3,247 $0 $0 $0 $0 $24,506 20.6%

Other $780 0.7%

Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to
produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods EBIT $23,726 20%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $2,677 2.3%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $5,072 4.3%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $5,592 4.7%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $208 0.2%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $10,177 8.6%
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 year's current debt, including Variables Margins
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% 60%
tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net
Profit: EBIT minus interest, taxes, and profit sharing.
50%

40%

30%

20%

10%

0%

Bolt Buzz Brat Baker NA

NA NA NA

COOKIE SETTINGS
 Profit History Market Share History
$12,500 30%

25%
$10,000

20%
$7,500

15%

$5,000
10%

$2,500
5%

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

25% 1.5

1.3
20%

1.0
15%

0.8

10%
0.5

5%
0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

12.5% 12.5%

10% 10%

7.5% 7.5%

5% 5%

2.5% 2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

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 PRINT

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TOP
Round 0
Annual Report Chester C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
DEFINITIONS: Common Size: The common size
column simply represents each item as a percentage Common Size

of total assets for that year. Cash: Your end-of-year Cash $17,334 18.5% $9,132
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $9,833 10.5% $8,055
Inventories: The current value of your inventory
Inventory $17,117 18.3% $15,055
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $44,284 47.3% $32,242
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $84,380 90.1% $77,880
accumulated depreciation from your plant. Accts Accumulated Depreciation ($35,023) -37.4% ($29,397)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $49,357 52.7% $48,483
the company is obligated to pay during the next year
Total assets $93,641 100% $80,725
of operations. It includes emergency loans used to
keep your company solvent should you run out of LIABILITIES & OWNERS' EQUITY
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Accounts Payable $6,601 7% $5,385
this represents the total value of your bonds. Current Debt $18,436 19.7% $10,493
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $19,477 20.8% $20,132
The profits that the company chose to keep instead of
Total Liabilities $44,514 47.5% $36,010
paying to shareholders as dividends.
Common Stock $9,100 9.7% $9,489

Retained Earnings $40,027 42.7% $35,227

Total Equity $49,127 52.5% $44,716

Total Liab. & O. Equity $93,641 100% $80,725

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
The Cash Flow Statement examines what happened in the Cash Account during the
year. Cash injections appear as positive numbers and cash withdrawals as negative Net income (Loss) $10,723 $7,811
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $5,625 $5,192
When negative cash flows exceed positives, you are forced to seek emergency funding.
For example, if sales are bad and you find yourself carrying an abundance of excess Extraordinary gain/losses/writeoffs $0 $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $1,216 ($500)
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory ($2,062) ($2,867)

Accounts Receivable ($1,778) $469

Cash Flow Summary Chester Net cash from operations $13,725 $10,106

15k Cash Flows from Investing Activities:

Plant Improvements ($6,500) ($12,220)

Cash Flows from Financing Activities:

10k
Dividends paid ($4,479) ($3,880)

Sales of Common Stock $0 $0

5k
Purchase of Common Stock ($1,833) ($1,175)

Cash from long term debt $5,671 $2,506

0 Retirement of long term debt ($6,326) $0

Change in current debt (net) $7,943 $516

-5k Net cash from financing activities $977 ($2,033)

Net change in cash position $8,201 ($4,147)

Closing cash position $17,334 $9,132

-10k

Operations Investment Finance Chg. Cash

Annual Report Page 1

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 TOP
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Annual Report Chester C59559 Dec. 31 2023

2023 Income Statement

Product Name Cozy Cute Crimp Cake Na Na Na Na Total Common Size

Sales $33,842 $16,550 $35,518 $33,724 $0 $0 $0 $0 $119,634 100%

Variable Costs:

Direct Labor $10,445 $3,364 $8,382 $7,132 $0 $0 $0 $0 $29,324 24.5%

Direct Material $14,575 $6,102 $14,559 $13,689 $0 $0 $0 $0 $48,924 40.9%

Inventory Carry $230 $379 $751 $694 $0 $0 $0 $0 $2,054 1.7%

Total Variable $25,250 $9,845 $23,692 $21,515 $0 $0 $0 $0 $80,302 67.1%

Contribution Margin $8,592 $6,705 $11,827 $12,209 $0 $0 $0 $0 $39,332 32.9%

Period Costs:

Depreciation $1,292 $1,213 $1,473 $1,647 $0 $0 $0 $0 $5,625 4.7%

R&D $876 $963 $988 $939 $0 $0 $0 $0 $3,765 3.1%

Promotions $1,100 $1,100 $1,100 $1,100 $0 $0 $0 $0 $4,400 3.7%

Sales $400 $400 $1,200 $1,200 $0 $0 $0 $0 $3,200 2.7%

Admin $269 $132 $283 $268 $0 $0 $0 $0 $952 0.8%

Total Period $3,937 $3,808 $5,044 $5,154 $0 $0 $0 $0 $17,943 15%

Net Margin $4,654 $2,898 $6,783 $7,055 $0 $0 $0 $0 $21,390 17.9%

Other $311 0.3%

Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to
produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods EBIT $21,079 17.6%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $1,807 1.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $2,439 2%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $5,892 4.9%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $219 0.2%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $10,723 9%
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 year's current debt, including Variables Margins
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% 50%
tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net
Profit: EBIT minus interest, taxes, and profit sharing.
40%

30%

20%

10%

0%

Cozy Cute Crimp Cake NA

NA NA NA

COOKIE SETTINGS
 Profit History Market Share History
$12,500 30%

25%
$10,000

20%
$7,500

15%

$5,000
10%

$2,500
5%

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

25% 1.5

1.3
20%

1.0
15%

0.8

10%
0.5

5%
0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

10% 12.5%

10%
7.5%

7.5%

5%

5%

2.5%
2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 0
Annual Report Digby C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
DEFINITIONS: Common Size: The common size
column simply represents each item as a percentage Common Size
of total assets for that year. Cash: Your end-of-year Cash $32,316 22.3% $36,978
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $10,828 7.5% $9,785
Inventories: The current value of your inventory
Inventory $10,293 7.1% $7,677
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $53,437 36.8% $54,440
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $142,900 98.5% $127,100

accumulated depreciation from your plant. Accts Accumulated Depreciation ($51,265) -35.3% ($41,738)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $91,635 63.2% $85,362
the company is obligated to pay during the next year
Total assets $145,072 100% $139,802
of operations. It includes emergency loans used to
keep your company solvent should you run out of LIABILITIES & OWNERS' EQUITY
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Accounts Payable $7,283 5% $5,826
this represents the total value of your bonds. Current Debt $29,246 20.2% $22,180
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $53,832 37.1% $51,892
The profits that the company chose to keep instead of
Total Liabilities $90,361 62.3% $79,898
paying to shareholders as dividends.
Common Stock $24,679 17% $24,679

Retained Earnings $30,031 20.7% $35,225

Total Equity $54,710 37.7% $59,904

Total Liab. & O. Equity $145,072 100% $139,802

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
The Cash Flow Statement examines what happened in the Cash Account during the
year. Cash injections appear as positive numbers and cash withdrawals as negative Net income (Loss) $7,540 $10,473
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $9,527 $8,473
When negative cash flows exceed positives, you are forced to seek emergency funding.
For example, if sales are bad and you find yourself carrying an abundance of excess Extraordinary gain/losses/writeoffs $0 $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $1,457 ($794)
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory ($2,615) $817

Accounts Receivable ($1,043) ($552)

Cash Flow Summary Digby Net cash from operations $14,864 $18,418

20k Cash Flows from Investing Activities:

Plant Improvements ($15,800) ($18,592)

Cash Flows from Financing Activities:

10k
Dividends paid ($12,733) ($8,914)

Sales of Common Stock $0 $0

Purchase of Common Stock $0 $0

0
Cash from long term debt $9,473 $7,976

Retirement of long term debt ($7,533) $0

Change in current debt (net) $7,066 ($5,273)

-10k
Net cash from financing activities ($3,727) ($6,212)

Net change in cash position ($4,662) ($6,386)

Closing cash position $32,316 $36,978

-20k

Operations Investment Finance Chg. Cash

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COOKIE SETTINGS
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Round 0
Annual Report Digby C59559 Dec. 31 2023

2023 Income Statement

Product Name Dome Dug Daft Daze Na Na Na Na Total Common Size

Sales $25,462 $31,799 $34,818 $39,664 $0 $0 $0 $0 $131,743 100%

Variable Costs:

Direct Labor $5,419 $7,103 $9,505 $10,585 $0 $0 $0 $0 $32,611 24.8%

Direct Material $9,390 $12,528 $14,463 $17,004 $0 $0 $0 $0 $53,385 40.5%

Inventory Carry $313 $399 $330 $194 $0 $0 $0 $0 $1,235 0.9%

Total Variable $15,122 $20,030 $24,298 $27,782 $0 $0 $0 $0 $87,231 66.2%

Contribution Margin $10,340 $11,770 $10,520 $11,881 $0 $0 $0 $0 $44,512 33.8%

Period Costs:

Depreciation $2,660 $3,167 $1,800 $1,900 $0 $0 $0 $0 $9,527 7.2%

R&D $958 $979 $936 $896 $0 $0 $0 $0 $3,768 2.9%

Promotions $1,050 $1,050 $1,050 $1,050 $0 $0 $0 $0 $4,200 3.2%

Sales $1,000 $800 $600 $600 $0 $0 $0 $0 $3,000 2.3%

Admin $337 $421 $461 $525 $0 $0 $0 $0 $1,744 1.3%

Total Period $6,004 $6,416 $4,847 $4,971 $0 $0 $0 $0 $22,239 16.9%

Net Margin $4,336 $5,354 $5,674 $6,910 $0 $0 $0 $0 $22,273 16.9%

Other $474 0.4%

Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to
produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods EBIT $21,799 16.5%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $3,246 2.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $6,717 5.1%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $4,143 3.1%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $154 0.1%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $7,540 5.7%
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 year's current debt, including Variables Margins
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% 50%
tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net
Profit: EBIT minus interest, taxes, and profit sharing.
40%

30%

20%

10%

0%

Dome Dug Daft Daze NA

NA NA NA

COOKIE SETTINGS
 Profit History Market Share History
$12,500 40%

$10,000
30%

$7,500

20%

$5,000

10%
$2,500

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

20% 1.5

1.3

15%

1.0

10% 0.8

0.5

5%

0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

10% 8%

7.5% 6%

5% 4%

2.5% 2%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
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