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 2
Dec. 31 2025 Riya
Report Thakur

Andrews Baldwin Chester

Riya Thakur

Digby

Selected Financial Statistics

Andrews Baldwin Chester Digby

ROS 1.2% 1.4% 9.7% -0.8%

Asset Turnover 0.89 0.73 1.26 0.73

ROA 1.1% 1% 12.2% -0.6%

Leverage (Assets/Equity) 1.8 2.5 1.9 2.9

ROE 2% 2.6% 23.4% -1.6%

Emergency Loan $14,100,433 $0 $0 $0

Sales $135,107,331 $153,839,369 $182,400,256 $162,630,836

EBIT $9,899,909 $18,622,554 $34,382,352 $15,589,409

Profits $1,645,242 $2,142,902 $17,626,729 ($1,252,344)

Cumulative Profit $7,917,489 $7,858,034 $30,296,543 $5,767,525

SG&A / Sales 13% 11.3% 6.7% 8.5%

Contrib. Margin % 29.7% 34% 34.3% 32.6%

Percent Of Sales $ Market Share

125%
Andrews
Digby 21.3 %
100% 25.7 %

Other
SGA
75% Depr
Var Costs
Profit
50%

25%

0% Baldwin
24.3 %

-25% Chester
Andrews Baldwin Chester Digby 28.8 %

Market Share information is provided on Page 7.

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Round 2
Stocks & Bonds Riya Thakur Dec. 31 2025

Stock Market Summary

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

Andrews $41.62 ($32.73) 2,103,417 $88 $40.01 $0.78 $0.00 0.0% 53.1

Baldwin $39.23 ($8.65) 2,636,960 $103 $31.72 $0.81 $0.00 0.0% 48.2

Chester $82.97 $17.17 1,941,629 $161 $38.81 $9.08 $0.00 0.0% 9.1

Digby $30.15 ($11.23) 2,973,261 $90 $26.08 ($0.42) $0.00 0.0% -71.8

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

11.2S2030 $8,837,000 11.6% 96.41 BB

11.9S2031 $7,072,000 12.0% 98.77 BB

11.4S2034 $14,500,000 11.9% 95.77 BB

11.5S2035 $4,000,000 12.0% 96.08 BB

Baldwin

11.2S2030 $8,637,463 12.3% 91.03 CC

12.4S2031 $5,827,834 13.1% 94.53 CC

11.9S2033 $15,600,633 13.1% 91.13 CC

13.1S2034 $17,795,619 13.6% 96.51 CC

13.6S2035 $37,452,625 13.7% 98.95 CC

Chester

11.1S2032 $2,505,867 11.8% 93.71 B

11.2S2033 $5,671,177 12.0% 93.65 B

12.0S2034 $1,376,019 12.3% 97.39 B

12.1S2035 $19,991,958 12.4% 97.79 B

Digby

11.3S2030 $10,417,600 12.5% 90.41 C

12.5S2031 $14,665,611 13.3% 93.80 C

12.5S2032 $7,975,862 13.4% 93.16 C

12.5S2033 $9,473,322 13.5% 92.60 C

13.4S2034 $14,397,660 13.9% 96.55 C

13.9S2035 $34,636,089 14.0% 98.96 C

Next Year's Prime Rate 8.5%

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Round 2
Financial Summary Riya Thakur Dec. 31 2025

Cash Flow Statement Survey

Andrews Baldwin Chester Digby
Cash flows from operating activities
Net Income (Loss) $1,645 $2,143 $17,627 ($1,252)
Adjustment for non-cash items:
Depreciation $8,455 $13,577 $8,417 $15,595
Extraordinary gains/losses/writeoffs $0 $0 $0 $0
Changes in current assets and liabilities:
Accounts payable ($1,202) $1,190 $1,796 ($1,011)
Inventory ($15,320) $2,078 ($1,555) $6,013
Accounts receivable ($513) ($2,214) ($2,402) $372
Net cash from operations ($6,934) $16,774 $23,883 $19,716

Cash flows from investing activities

Plant improvements (net) ($20,688) ($58,760) ($32,300) ($56,362)
Cash flows from financing activities
Dividends paid $0 $0 $0 $0
Sales of common stock $0 $18,350 $4,018 $14,154
Purchase of common stock $0 $0 $0 $0
Cash from long term debt issued $4,000 $37,453 $19,992 $34,636
Early retirement of long term debt $0 $0 $0 $0
Retirement of current debt $0 ($21,728) ($13,954) ($25,225)
Cash from current debt borrowing $0 $23,841 $18,732 $33,347
Cash from emergency loan $14,100 $0 $0 $0

Net cash from financing activities $18,100 $57,916 $28,788 $56,912

Net change in cash position ($9,522) $15,929 $20,371 $20,266

Balance Sheet Survey

Andrews Baldwin Chester Digby
Cash $0 $38,240 $38,626 $50,356
Accounts Receivable $11,105 $12,644 $14,992 $13,367
Inventory $73,768 $8,006 $14,588 $3,296
Total Current Assets $84,873 $58,891 $68,206 $67,019

Plant and equipment $126,832 $224,060 $126,260 $233,922

Accumulated Depreciation ($59,941) ($70,753) ($49,704) ($78,697)
Total Fixed Assets $66,891 $153,307 $76,556 $155,225

Total Assets $151,764 $212,198 $144,762 $222,244

Accounts Payable $7,787 $8,092 $9,834 $8,489

Current Debt $25,400 $35,141 $30,032 $44,647
Total Current Liabilities $33,187 $43,233 $39,866 $53,136

Long Term Debt $34,409 $85,314 $29,545 $91,566

Total Liabilities $67,596 $128,547 $69,411 $144,702

Common Stock $17,081 $37,007 $12,820 $41,744

Retained Earnings $67,087 $46,644 $62,531 $35,799
Total Equity $84,168 $83,651 $75,351 $77,542

Total Liabilities & Owner's Equity $151,764 $212,198 $144,762 $222,244

Income Statement Survey

Andrews Baldwin Chester Digby
Sales $135,107 $153,839 $182,400 $162,631
Variable Costs (Labor, Material, Carry) $95,040 $101,487 $119,846 $109,688
Contribution Margin $40,067 $52,352 $62,554 $52,943
Depreciation $8,455 $13,577 $8,417 $15,595
SGA (R&D, Promo, Sales, Admin) $17,512 $17,362 $12,305 $13,819
Other (Fees, Writeoffs, TQM, Bonuses $4,200 $2,790 $7,450 $7,939
EBIT $9,900 $18,623 $34,382 $15,589
Interest (Short term, Long term) $7,317 $15,259 $6,711 $17,516
Taxes $904 $1,177 $9,685 ($674)
Profit Sharing $34 $44 $360 $0
Net Profit $1,645 $2,143 $17,627 ($1,252)

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Round 2
Production Analysis Riya Thakur Dec. 31 2025

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 7,000 7,500 8,000 8,…

Capacity Production

Andrews Baldwin Chester Digby

Units Produced 5,059 6,486 5,198 7,674

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 753 2,343 6/29/2025 2.4 18000 6.7 13.3 $24.00 $6.59 $5.58 14% 0% 8.0 1,130 88%

Awe Core 1,138 1,651 5/14/2025 1.8 22000 9.2 11.0 $30.00 $9.88 $8.20 26% 58% 7.0 1,200 157%

Ark Nano 1,109 296 4/25/2025 1.4 24000 10.8 7.2 $38.00 $12.93 $11.60 32% 65% 5.0 728 164%

Able Elite 1,019 1 3/1/2025 1.6 26000 13.2 9.0 $40.00 $13.78 $11.10 37% 40% 5.0 714 139%

Abhi 0 0 5/6/2025 0.7 24000 10.5 7.5 $38.00 $0.00 $0.00 0% 0% 2.0 400 0%

Bolt Thrift 1,575 187 12/20/2026 3.5 14000 7.6 12.5 $18.00 $6.26 $2.50 49% 16% 9.5 1,250 115%

Buzz Core 2,387 21 12/6/2024 2.1 16000 10.0 10.1 $20.00 $9.01 $5.54 26% 60% 8.0 1,600 158%

Brat Nano 1,095 131 12/17/2025 1.0 18000 12.7 5.0 $30.00 $13.17 $6.63 35% 38% 6.0 900 136%

Baker Elite 862 166 12/18/2025 1.0 20000 15.5 7.2 $34.00 $14.05 $7.24 38% 6% 6.0 850 105%

Bead Core 743 0 4/1/2025 0.8 16000 10.6 9.5 $21.00 $9.54 $5.82 26% 100% 7.0 1,040 149%

Bid 0 0 2/10/2026 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 7.0 600 0%

Cozy Nano 1,584 0 12/3/2025 1.3 23000 12.6 5.5 $32.00 $13.96 $9.33 30% 100% 6.0 950 198%

Cute Elite 887 149 1/4/2025 2.4 25000 15.8 7.0 $35.00 $15.32 $8.48 30% 36% 6.5 850 134%

Crimp Nano 1,347 249 9/19/2025 1.2 23000 13.7 4.3 $37.00 $14.96 $8.20 37% 65% 6.0 1,050 163%

Cake Elite 1,304 227 8/17/2025 1.2 25000 15.6 6.5 $39.00 $15.41 $7.79 39% 37% 6.0 1,150 136%

Dome Thrift 2,079 0 4/11/2025 2.7 17000 8.4 11.7 $17.00 $7.76 $3.95 31% 100% 8.7 1,646 198%

Dug Thrift 2,580 0 4/11/2025 2.6 17000 8.6 11.5 $17.00 $7.94 $3.95 30% 100% 8.5 1,846 198%

Daft Core 1,572 108 12/16/2025 1.1 18000 11.5 8.0 $25.00 $11.07 $4.67 36% 43% 7.8 1,149 141%

Daze Core 1,765 96 12/18/2025 1.1 20000 12.2 8.5 $25.00 $11.75 $4.56 34% 32% 7.8 1,349 131%

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Thrift Market Segment Round 2
Analysis Riya Thakur Dec. 31 2025

Thrift Statisitcs Accessibility Thrift

Total Industry Unit Demand 6,289

Actual Industry Unit Sales 6,289

Andrews
Segment % of Total Industry 26.4%

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 8.1 Size 12.0 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 80%

18

16
60%
14 Ace
Bolt
Dome
Dug
12 Awe
Buzz 40%
Size

10 Bead

6 20%

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 30% 1,882 4/11/2025 YES 8.6 11.5 $17.00 17000 2.64 $1,200 74% $1,100 67% 42

Dome 25% 1,579 4/11/2025 YES 8.4 11.7 $17.00 17000 2.74 $1,200 73% $1,100 67% 44

Bolt 22% 1,352 12/20/2026 7.6 12.5 $18.00 14000 3.48 $1,050 61% $1,000 66% 26

Ace 12% 753 6/29/2025 6.7 13.3 $24.00 18000 2.43 $1,000 76% $1,000 60% 13

Buzz 8% 497 12/6/2024 10.0 10.1 $20.00 16000 2.11 $1,050 61% $1,000 66% 14

Awe 3% 195 5/14/2025 9.2 11.0 $30.00 22000 1.81 $1,200 82% $1,000 60% 4

Bead 0% 31 4/1/2025 YES 10.6 9.5 $21.00 16000 0.75 $1,050 48% $900 66% 3

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Round 2
Core Market Segment Analysis Riya Thakur Dec. 31 2025

Core Statisitcs Accessibility Core

Total Industry Unit Demand 8,084

Actual Industry Unit Sales 8,084

Andrews
Segment % of Total Industry 34%

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 10.8 Size 9.3 16%

Digby

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

Perceptual Map For Core Actual vs Potential Market Share Core

20 60%

18
50%
16

14 40%
Bolt
Dome
Dug
12 Awe
Buzz 30%
Size

10 Bead
Able
Daze
Daft
8 Ark
20%

6 Cozy
Brat
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 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 23% 1,890 12/6/2024 10.0 10.1 $20.00 16000 2.11 $1,050 61% $1,000 65% 38

Daze 19% 1,537 12/18/2025 12.2 8.5 $25.00 20000 1.1 $1,200 73% $900 70% 30

Daft 17% 1,361 12/16/2025 11.5 8.0 $25.00 18000 1.09 $1,200 73% $900 70% 26

Awe 12% 943 5/14/2025 9.2 11.0 $30.00 22000 1.81 $1,200 82% $1,000 64% 20

Bead 9% 712 4/1/2025 YES 10.6 9.5 $21.00 16000 0.75 $1,050 48% $900 65% 33

Dug 9% 698 4/11/2025 YES 8.6 11.5 $17.00 17000 2.64 $1,200 74% $1,100 70% 18

Dome 6% 500 4/11/2025 YES 8.4 11.7 $17.00 17000 2.74 $1,200 73% $1,100 70% 14

Bolt 3% 223 12/20/2026 7.6 12.5 $18.00 14000 3.48 $1,050 61% $1,000 65% 0

Cozy 3% 220 12/3/2025 YES 12.6 5.5 $32.00 23000 1.35 $1,300 82% $900 17% 0

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Round 2
Nano Market Segment Analysis Riya Thakur Dec. 31 2025

Nano Statisitcs Accessibility Nano

Total Industry Unit Demand 4,744

Actual Industry Unit Sales 4,744

Andrews
Segment % of Total Industry 19.9%

Next Year's Segment Growth Rate 14%

Baldwin
Nano Customer Buying Criteria
Expectations Importance

1. Ideal Position Pfmn 12.7 Size 4.8 35% Chester

2. Price $28.00 - 40.00 27%

3. Age Ideal Age = 1.0 20%

4. Reliability MTBF 18000-24000 18%

Digby

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

Perceptual Map For Nano Actual vs Potential Market Share Nano

20 60%

18
50%
16

14 40%

12
30%
Size

10 Able
Daze
Daft
8 Ark Baker
Cake 20%

6 Cozy
Brat
Crimp
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 25% 1,171 9/19/2025 13.7 4.3 $37.00 23000 1.2 $1,300 82% $800 85% 45

Cozy 20% 966 12/3/2025 YES 12.6 5.5 $32.00 23000 1.35 $1,300 82% $900 85% 64

Brat 19% 900 12/17/2025 12.7 5.0 $30.00 18000 1.04 $1,050 61% $900 65% 41

Ark 17% 795 4/25/2025 10.8 7.2 $38.00 24000 1.38 $1,500 90% $2,000 86% 27

Able 5% 232 3/1/2025 13.2 9.0 $40.00 26000 1.55 $1,500 89% $2,000 86% 8

Daft 4% 182 12/16/2025 11.5 8.0 $25.00 18000 1.09 $1,200 73% $900 24% 8

Baker 4% 177 12/18/2025 15.5 7.2 $34.00 20000 1.05 $1,050 61% $1,500 65% 2

Daze 4% 170 12/18/2025 12.2 8.5 $25.00 20000 1.1 $1,200 73% $900 24% 9

Cake 3% 151 8/17/2025 15.6 6.5 $39.00 25000 1.24 $1,300 81% $800 85% 4

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Round 2
Elite Market Segment Analysis Riya Thakur Dec. 31 2025

Elite Statisitcs Accessibility Elite

Total Industry Unit Demand 4,681

Actual Industry Unit Sales 4,681

Andrews
Segment % of Total Industry 19.7%

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 15.3 Size 7.4 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 60%

18

16

14 40%

12
Size

10 Able
Daze
Daft
8 Ark Baker
Cute
Cake 20%

6 Cozy
Brat
Crimp
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

Cake 25% 1,152 8/17/2025 15.6 6.5 $39.00 25000 1.24 $1,300 81% $800 87% 41

Cute 19% 887 1/4/2025 15.8 7.0 $35.00 25000 2.45 $1,300 82% $900 87% 36

Able 17% 786 3/1/2025 13.2 9.0 $40.00 26000 1.55 $1,500 89% $2,000 84% 28

Baker 15% 685 12/18/2025 15.5 7.2 $34.00 20000 1.05 $1,050 61% $1,500 60% 30

Cozy 9% 399 12/3/2025 YES 12.6 5.5 $32.00 23000 1.35 $1,300 82% $900 87% 18

Ark 7% 314 4/25/2025 10.8 7.2 $38.00 24000 1.38 $1,500 90% $2,000 84% 7

Brat 4% 195 12/17/2025 12.7 5.0 $30.00 18000 1.04 $1,050 61% $900 60% 4

Crimp 4% 176 9/19/2025 13.7 4.3 $37.00 23000 1.2 $1,300 82% $800 87% 1

Daze 1% 58 12/18/2025 12.2 8.5 $25.00 20000 1.1 $1,200 73% $900 11% 3

Daft 1% 29 12/16/2025 11.5 8.0 $25.00 18000 1.09 $1,200 73% $900 11% 1

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Round 2
Market Share Report Riya Thakur Dec. 31 2025

Units Sold vs Demand Market Share

9,000 60%

8,000
50%
7,000

6,000 40%

5,000
30%
4,000

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 6,289 8,084 4,744 4,681 23,798 Units Demanded 6,289 8,084 4,744 4,681 23,798

% of Market 26.4% 34.0% 19.9% 19.7% 100.0% % of Market 26.4% 34.0% 19.9% 19.7% 100.0%

Ace 12.0% 3.2% Ace 10.9% 2.9%

Awe 3.1% 11.7% 4.8% Awe 2.8% 10.9% 4.4%

Ark 16.8% 6.7% 4.7% Ark 16.3% 6.3% 4.5%

Able 4.9% 16.8% 4.3% Able 6.1% 21.2% 5.4%

Total 15.1% 11.7% 21.7% 23.5% 16.9% Total 13.7% 10.9% 22.5% 27.5% 17.2%

Bolt 21.5% 2.8% 6.6% Bolt 19.4% 2.6% 6.0%

Buzz 7.9% 23.4% 10.0% Buzz 7.1% 21.9% 9.3%

Brat 19.0% 4.2% 4.6% Brat 18.4% 3.9% 4.4%

Baker 3.7% 14.6% 3.6% Baker 3.6% 13.7% 3.4%

Bead 0.5% 8.8% 3.1% Bead 0.7% 12.7% 4.5%

Total 29.9% 35.0% 22.7% 18.8% 28.0% Total 27.3% 37.2% 22.1% 17.6% 27.7%

Cozy 2.7% 20.4% 8.5% 6.7% Cozy 2.6% 21.1% 8.7% 6.8%

Cute 18.9% 3.7% Cute 17.9% 3.5%

Crimp 24.7% 3.8% 5.7% Crimp 24.0% 3.5% 5.5%

Cake 3.2% 24.6% 5.5% Cake 3.1% 23.1% 5.2%

Total 2.7% 48.2% 55.8% 21.5% Total 2.6% 48.3% 53.2% 21.0%

Dome 25.1% 6.2% 8.7% Dome 29.9% 7.5% 10.4%

Dug 29.9% 8.6% 10.8% Dug 29.2% 8.5% 10.6%

Daft 16.8% 3.8% 0.6% 6.6% Daft 15.6% 3.7% 0.6% 6.2%

Daze 19.0% 3.6% 1.2% 7.4% Daze 17.7% 3.5% 1.2% 6.9%

Total 55.0% 50.7% 7.4% 1.9% 33.6% Total 59.0% 49.3% 7.2% 1.8% 34.1%

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Round 2
Perceptual Map Riya Thakur Dec. 31 2025

20

18

16

14 Ace
Bolt

12 Dome
Dug
Awe
Buzz
Size 10 Bead
Able
Daze
Daft
8 Ark Baker
Cute
Cake
6 Cozy
Brat
Crimp
4

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 6.7 13.3 6/29/2025 Bolt 7.6 12.5 12/20/2026 Cozy 12.6 5.5 12/3/2025

Awe 9.2 11.0 5/14/2025 Buzz 10.0 10.1 12/6/2024 Cute 15.8 7.0 1/4/2025

Ark 10.8 7.2 4/25/2025 Brat 12.7 5.0 12/17/2025 Crimp 13.7 4.3 9/19/2025

Able 13.2 9.0 3/1/2025 Baker 15.5 7.2 12/18/2025 Cake 15.6 6.5 8/17/2025

Abhi 10.5 7.5 5/6/2025 Bead 10.6 9.5 4/1/2025

Bid 0.0 0.0 2/10/2026

Digby

Name Pfmn Size Revised

Dome 8.4 11.7 4/11/2025

Dug 8.6 11.5 4/11/2025

Daft 11.5 8.0 12/16/2025

Daze 12.2 8.5 12/18/2025

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Round 2
HR/TQM Report Riya Thakur Dec. 31 2025
Human Resources Summary

Andrews Baldwin Chester Digby

Needed Complement 695 540 643 477

Complement 696 540 643 477

1st Shift Complement 484 389 403 290

2nd Shift Complement 212 151 240 187

Overtime % 0.0% 0.0% 0.0% 0.0%

Turnover Rate 8.8% 6.3% 10.0% 8.0%

New Employees 61 112 124 38

Separated Employees 113 0 0 180

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

Training Hours 30 80 0 40

Productivity Index 100.0% 123.3% 100.0% 113.4%

Recruiting Cost $184 $671 $124 $133

Separation Cost $565 $0 $0 $898

Training Cost $418 $865 $0 $381

Total HR Admin Cost $1,167 $1,535 $124 $1,413

Labor Contract Next Year

Wages $28.15 $28.15 $28.15 $28.15

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 $1,250

Vendor/JIT $0 $0 $0 $1,250

Quality Initiative Training $0 $0 $1,250 $0

Channel Support Systems $0 $0 $1,250 $1,500

Concutrent Engineering $1,000 $0 $1,250 $0

UNEP Green Programs $1,000 $0 $0 $0

TQM Budgets Last Year

Benchmarking $0 $0 $0 $0

Quality Function Deployment Effort $1,000 $0 $0 $0

CCE/6 Sigma Training $1,000 $0 $1,250 $750

GEMI TQEM Sustainability Initiatives $0 $0 $1,250 $750

Total Expenditures $4,000 $0 $6,250 $5,500

Cumulative Impacts

Material Cost Reduction 1.62% 0.00% 2.92% 1.40%

Labor Cost Reduction 1.35% 0.00% 11.25% 0.33%

Reduction R&D Cycle Time 12.58% 0.00% 32.13% 0.00%

Reduction Admin Costs 0.00% 0.00% 0.00% 3.25%

Demand Increase 2.16% 0.00% 4.56% 1.16%

COMP-XM® INQUIRER Page 11

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 2
Annual Report Andrews C59559 Dec. 31 2025

Balance Sheet
ASSETS 2025 2024
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 $0 0% $9,522
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $11,105 7.3% $10,592
Inventories: The current value of your inventory
Inventory $73,768 48.6% $58,449
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $84,873 55.9% $78,563
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $126,832 83.6% $106,144
accumulated depreciation from your plant. Accts Accumulated Depreciation ($59,941) -39.5% ($51,486)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $66,891 44.1% $54,658
the company is obligated to pay during the next year
Total assets $151,764 100% $133,221
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 $7,787 5.1% $8,989
this represents the total value of your bonds. Current Debt $25,400 16.7% $0
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $34,409 22.7% $41,709
The profits that the company chose to keep instead of
Total Liabilities $67,596 44.5% $50,698
paying to shareholders as dividends.
Common Stock $17,081 11.3% $17,081

Retained Earnings $67,087 44.2% $65,442

Total Equity $84,168 55.5% $82,523

Total Liab. & O. Equity $151,764 100% $133,221

Cash Flow Statement

Cash Flows from Operating Activities: 2025 2024
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) $1,645 $6,272
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $8,455 $7,076
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 ($1,202) ($527)
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 ($15,320) ($32,623)

Accounts Receivable ($513) $2,847

Cash Flow Summary Andrews Net cash from operations ($6,934) ($16,955)

30k Cash Flows from Investing Activities:

Plant Improvements ($20,688) ($9,320)

20k Cash Flows from Financing Activities:

Dividends paid $0 $0
10k
Sales of Common Stock $0 $5,000

Purchase of Common Stock $0 $0

0
Cash from long term debt $4,000 $14,500

Retirement of long term debt ($11,300) $0

-10k
Change in current debt (net) $25,400 ($15,717)

Net cash from financing activities $18,100 $3,783

-20k
Net change in cash position ($9,522) ($22,492)

Closing cash position $0 $9,522

-30k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 2
Annual Report Andrews C59559 Dec. 31 2025

2025 Income Statement

Product Name Ace Awe Ark Able Abhi NA NA NA Total Common Size

Sales $18,060 $34,150 $42,152 $40,746 $0 $0 $0 $0 $135,107 100%

Variable Costs:

Direct Labor $5,515 $9,756 $12,665 $11,268 $0 $0 $0 $0 $39,203 29%

Direct Material $5,777 $11,765 $15,022 $14,420 $0 $0 $0 $0 $46,985 34.8%

Inventory Carry $4,219 $3,745 $886 $2 $0 $0 $0 $0 $8,852 6.6%

Total Variable $15,511 $25,266 $28,573 $25,690 $0 $0 $0 $0 $95,040 70.3%

Contribution Margin $2,549 $8,884 $13,578 $15,056 $0 $0 $0 $0 $40,067 29.7%

Period Costs:

Depreciation $2,863 $2,720 $1,262 $1,238 $373 $0 $0 $0 $8,455 6.3%

R&D $498 $371 $317 $165 $348 $0 $0 $0 $1,699 1.3%

Promotions $1,000 $1,200 $1,500 $1,500 $1,500 $0 $0 $0 $6,700 5%

Sales $1,000 $1,000 $2,000 $2,000 $1,000 $0 $0 $0 $7,000 5.2%

Admin $282 $534 $659 $637 $0 $0 $0 $0 $2,112 1.6%

Total Period $5,643 $5,825 $5,738 $5,539 $3,222 $0 $0 $0 $25,967 19.2%

Net Margin ($3,094) $3,059 $7,841 $9,517 ($3,222) $0 $0 $0 $14,100 10.4%

Other $4,200 3.1%

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 $9,900 7.3%
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 $3,373 2.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $3,944 2.9%
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 $904 0.7%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $34 0%
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 $1,645 1.2%
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 2024 2019 2020 2021 2022 2023 2024
2025 2025

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 2024 2019 2020 2021 2022 2023 2024
2025 2025

ROS History ROA History

15% 20%

12.5%

15%

10%

7.5% 10%

5%

5%

2.5%

0% 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 2
Annual Report Baldwin C59559 Dec. 31 2025

Balance Sheet
ASSETS 2025 2024
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 $38,240 18% $22,311
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $12,644 6% $10,430
Inventories: The current value of your inventory
Inventory $8,006 3.8% $10,084
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $58,890 27.8% $42,825
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $224,060 105.6% $165,300
accumulated depreciation from your plant. Accts Accumulated Depreciation ($70,753) -33.3% ($57,176)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $153,307 72.2% $108,124
the company is obligated to pay during the next year
Total assets $212,198 100% $150,949
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 $8,092 3.8% $6,902
this represents the total value of your bonds. Current Debt $35,141 16.6% $21,728
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $85,314 40.2% $59,162
The profits that the company chose to keep instead of
Total Liabilities $128,547 60.6% $87,792
paying to shareholders as dividends.
Common Stock $37,007 17.4% $18,657

Retained Earnings $46,644 22% $44,501

Total Equity $83,651 39.4% $63,158

Total Liab. & O. Equity $212,198 100% $150,949

Cash Flow Statement

Cash Flows from Operating Activities: 2025 2024
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) $2,143 $5,715
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $13,577 $9,887
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 $1,190 $1,106
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 $2,078 ($3,677)

Accounts Receivable ($2,214) ($670)

Cash Flow Summary Baldwin Net cash from operations $16,774 $12,360

75k Cash Flows from Investing Activities:

Plant Improvements ($58,760) ($40,900)

50k Cash Flows from Financing Activities:

Dividends paid $0 $0
25k
Sales of Common Stock $18,350 $4,272

Purchase of Common Stock $0 $0

0
Cash from long term debt $37,453 $17,796

Retirement of long term debt ($11,300) $0

-25k
Change in current debt (net) $13,413 ($3,766)

Net cash from financing activities $57,916 $18,301

-50k
Net change in cash position $15,929 ($10,239)

Closing cash position $38,240 $22,311

-75k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 2
Annual Report Baldwin C59559 Dec. 31 2025

2025 Income Statement

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

Sales $28,344 $47,743 $32,855 $29,302 $15,596 $0 $0 $0 $153,839 100%

Variable Costs:

Direct Labor $4,032 $13,218 $7,199 $6,192 $4,319 $0 $0 $0 $34,960 22.7%

Direct Material $10,347 $22,241 $13,992 $11,705 $7,281 $0 $0 $0 $65,566 42.6%

Inventory Carry $205 $38 $305 $413 $0 $0 $0 $0 $961 0.6%

Total Variable $14,584 $35,497 $21,497 $18,309 $11,600 $0 $0 $0 $101,487 66%

Contribution Margin $13,760 $12,245 $11,358 $10,992 $3,996 $0 $0 $0 $52,352 34%

Period Costs:

Depreciation $3,667 $4,053 $1,800 $1,700 $2,357 $0 $0 $0 $13,577 8.8%

R&D $1,000 $0 $973 $977 $250 $1,000 $0 $0 $4,200 2.7%

Promotions $1,050 $1,050 $1,050 $1,050 $1,050 $0 $0 $0 $5,250 3.4%

Sales $1,000 $1,000 $900 $1,500 $900 $0 $0 $0 $5,300 3.4%

Admin $481 $811 $558 $498 $265 $0 $0 $0 $2,612 1.7%

Total Period $7,198 $6,914 $5,281 $5,724 $4,822 $1,000 $0 $0 $30,939 20.1%

Net Margin $6,563 $5,331 $6,077 $5,268 ($827) ($1,000) $0 $0 $21,413 13.9%

Other $2,790 1.8%

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 $18,623 12.1%
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 $4,287 2.8%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $10,971 7.1%
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 $1,177 0.8%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $44 0%
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 $2,143 1.4%
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 Bead

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 2024 2019 2020 2021 2022 2023 2024
2025 2025

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 2024 2019 2020 2021 2022 2023 2024
2025 2025

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 2024 2019 2020 2021 2022 2023 2024
2025 2025

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 2
Annual Report Chester C59559 Dec. 31 2025

Balance Sheet
ASSETS 2025 2024
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 $38,626 26.7% $18,255
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $14,992 10.4% $12,590
Inventories: The current value of your inventory
Inventory $14,588 10.1% $13,033
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $68,206 47.1% $43,878
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $126,260 87.2% $93,960
accumulated depreciation from your plant. Accts Accumulated Depreciation ($49,704) -34.3% ($41,287)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $76,556 52.9% $52,673
the company is obligated to pay during the next year
Total assets $144,762 100% $96,551
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 $9,834 6.8% $8,038
this represents the total value of your bonds. Current Debt $30,032 20.7% $13,954
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $29,545 20.4% $20,853
The profits that the company chose to keep instead of
Total Liabilities $69,411 47.9% $42,845
paying to shareholders as dividends.
Common Stock $12,820 8.9% $8,803

Retained Earnings $62,531 43.2% $44,904

Total Equity $75,351 52.1% $53,707

Total Liab. & O. Equity $144,762 100% $96,551

Cash Flow Statement

Cash Flows from Operating Activities: 2025 2024
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) $17,627 $12,670
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $8,417 $6,264
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 $1,796 $1,437
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 ($1,555) $4,084

Accounts Receivable ($2,402) ($2,757)

Cash Flow Summary Chester Net cash from operations $23,883 $21,698

40k Cash Flows from Investing Activities:

Plant Improvements ($32,300) ($9,580)

Cash Flows from Financing Activities:

20k
Dividends paid $0 ($6,484)

Sales of Common Stock $4,018 $0

Purchase of Common Stock $0 ($1,606)

0
Cash from long term debt $19,992 $1,376

Retirement of long term debt ($11,300) $0

Change in current debt (net) $16,078 ($4,483)

-20k
Net cash from financing activities $28,788 ($11,197)

Net change in cash position $20,371 $921

Closing cash position $38,626 $18,255

-40k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 2
Annual Report Chester C59559 Dec. 31 2025

2025 Income Statement

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

Sales $50,696 $31,033 $49,826 $50,845 $0 $0 $0 $0 $182,400 100%

Variable Costs:

Direct Labor $14,789 $7,534 $11,112 $10,243 $0 $0 $0 $0 $43,678 23.9%

Direct Material $20,709 $13,857 $19,835 $20,016 $0 $0 $0 $0 $74,417 40.8%

Inventory Carry $0 $431 $687 $632 $0 $0 $0 $0 $1,751 1%

Total Variable $35,498 $21,822 $31,634 $30,891 $0 $0 $0 $0 $119,846 65.7%

Contribution Margin $15,198 $9,210 $18,192 $19,955 $0 $0 $0 $0 $62,555 34.3%

Period Costs:

Depreciation $2,204 $1,813 $2,100 $2,300 $0 $0 $0 $0 $8,417 4.6%

R&D $934 $9 $727 $634 $0 $0 $0 $0 $2,304 1.3%

Promotions $1,300 $1,300 $1,300 $1,300 $0 $0 $0 $0 $5,200 2.9%

Sales $900 $900 $800 $800 $0 $0 $0 $0 $3,400 1.9%

Admin $389 $238 $383 $391 $0 $0 $0 $0 $1,401 0.8%

Total Period $5,728 $4,260 $5,310 $5,424 $0 $0 $0 $0 $20,722 11.4%

Net Margin $9,471 $4,950 $12,882 $14,530 $0 $0 $0 $0 $41,833 22.9%

Other $7,450 4.1%

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 $34,382 18.8%
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 $3,213 1.8%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $3,497 1.9%
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 $9,685 5.3%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $360 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 $17,627 9.7%
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%

Cozy Cute Crimp Cake NA

NA NA NA

COOKIE SETTINGS
 Profit History Market Share History
$20,000 40%

$15,000 30%

$10,000 20%

$5,000 10%

$0 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

ROE History Asset Turnover History

25% 2.0

20%
1.5

15%

1.0

10%

0.5
5%

0% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

ROS History ROA History

12.5% 15%

12.5%
10%

10%
7.5%

7.5%

5%
5%

2.5%
2.5%

0% 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 2
Annual Report Digby C59559 Dec. 31 2025

Balance Sheet
ASSETS 2025 2024
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 $50,356 22.7% $30,090
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $13,367 6% $13,739
Inventories: The current value of your inventory
Inventory $3,296 1.5% $9,308
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $67,019 30.2% $53,137
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $233,922 105.3% $177,560

accumulated depreciation from your plant. Accts Accumulated Depreciation ($78,697) -35.4% ($63,102)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $155,225 69.8% $114,458
the company is obligated to pay during the next year
Total assets $222,244 100% $167,596
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 $8,489 3.8% $9,500
this represents the total value of your bonds. Current Debt $44,647 20.1% $25,225
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $91,566 41.2% $68,230
The profits that the company chose to keep instead of
Total Liabilities $144,702 65.1% $102,955
paying to shareholders as dividends.
Common Stock $41,744 18.8% $27,590

Retained Earnings $35,799 16.1% $37,051

Total Equity $77,543 34.9% $64,641

Total Liab. & O. Equity $222,244 100% $167,596

Cash Flow Statement

Cash Flows from Operating Activities: 2025 2024
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) ($1,252) $7,020
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $15,595 $11,837
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 ($1,011) $2,217
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 $6,013 $984

Accounts Receivable $372 ($2,911)

Cash Flow Summary Digby Net cash from operations $19,716 $19,147

75k Cash Flows from Investing Activities:

Plant Improvements ($56,362) ($34,660)

50k Cash Flows from Financing Activities:

Dividends paid $0 $0
25k
Sales of Common Stock $14,154 $2,911

Purchase of Common Stock $0 $0

0
Cash from long term debt $34,636 $14,398

Retirement of long term debt ($11,300) $0

-25k
Change in current debt (net) $19,422 ($4,021)

Net cash from financing activities $56,912 $13,287

-50k
Net change in cash position $20,266 ($2,226)

Closing cash position $50,356 $30,090

-75k

Operations Investment Finance Chg. Cash

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COOKIE SETTINGS
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Round 2
Annual Report Digby C59559 Dec. 31 2025

2025 Income Statement

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

Sales $35,349 $43,865 $39,293 $44,124 $0 $0 $0 $0 $162,631 100%

Variable Costs:

Direct Labor $8,220 $10,264 $7,807 $8,673 $0 $0 $0 $0 $34,964 21.5%

Direct Material $16,231 $20,615 $17,081 $20,402 $0 $0 $0 $0 $74,329 45.7%

Inventory Carry $0 $0 $205 $190 $0 $0 $0 $0 $395 0.2%

Total Variable $24,452 $30,879 $25,093 $29,265 $0 $0 $0 $0 $109,688 67.4%

Contribution Margin $10,897 $12,986 $14,200 $14,859 $0 $0 $0 $0 $52,942 32.6%

Period Costs:

Depreciation $4,477 $4,923 $2,850 $3,346 $0 $0 $0 $0 $15,595 9.6%

R&D $279 $279 $970 $976 $0 $0 $0 $0 $2,505 1.5%

Promotions $1,200 $1,200 $1,200 $1,200 $0 $0 $0 $0 $4,800 3%

Sales $1,100 $1,100 $900 $900 $0 $0 $0 $0 $4,000 2.5%

Admin $546 $678 $607 $682 $0 $0 $0 $0 $2,514 1.5%

Total Period $7,603 $8,180 $6,527 $7,104 $0 $0 $0 $0 $29,414 18.1%

Net Margin $3,295 $4,806 $7,672 $7,755 $0 $0 $0 $0 $23,529 14.5%

Other $7,939 4.9%

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 $15,589 9.6%
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 $5,581 3.4%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $11,935 7.3%
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 ($674) -0.4%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $0 0%
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 ($1,252) -0.8%
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%

Dome Dug Daft Daze NA

NA NA NA

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

$10,000

30%

$7,500

$5,000 20%

$2,500

10%

$0

$-2,500 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

ROE History Asset Turnover History

20% 1.5

1.3
15%

1.0
10%

0.8

5%
0.5

0%
0.3

-5% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

ROS History ROA History

10% 8%

7.5% 6%

5% 4%

2.5% 2%

0% 0%

-2.5% -2%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2025

COOKIE SETTINGS
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