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 4
Dec. 31 2027 Riya
Report Thakur

Andrews Baldwin Chester

Riya Thakur

Digby

Selected Financial Statistics

Andrews Baldwin Chester Digby

ROS 4.4% 5.2% 18.2% 4.7%

Asset Turnover 1 0.78 1.43 0.71

ROA 4.4% 4% 26% 3.3%

Leverage (Assets/Equity) 1.7 2.2 1.7 2.5

ROE 7.5% 8.8% 43.1% 8.1%

Emergency Loan $0 $0 $0 $0

Sales $155,765,086 $197,852,939 $273,865,893 $155,657,691

EBIT $17,727,894 $33,036,195 $85,365,473 $27,916,659

Profits $6,844,936 $10,237,669 $49,711,880 $7,262,829

Cumulative Profit $15,787,077 $17,357,145 $107,311,415 $9,285,530

SG&A / Sales 11% 11% 5.2% 10.2%

Contrib. Margin % 31.7% 39.9% 42.6% 42.6%

Percent Of Sales $ Market Share

125%
Digby Andrews
19.9 % 19.9 %

100%
Other
SGA
Depr
75% Var Costs
Profit

50%

25%
Baldwin
25.3 %

Chester
0%
35.0 %
Andrews Baldwin Chester Digby

Market Share information is provided on Page 7.

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Round 4
Stocks & Bonds Riya Thakur Dec. 31 2027

Stock Market Summary

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

Andrews $53.54 $24.28 2,175,495 $116 $41.69 $3.15 $1.00 1.9% 17.0

Baldwin $44.98 $11.31 3,228,747 $145 $35.93 $3.17 $0.00 0.0% 14.2

Chester $185.58 $72.21 1,878,554 $349 $61.44 $26.46 $16.26 8.8% 7.0

Digby $31.80 $10.30 3,467,895 $110 $25.89 $2.09 $1.78 5.6% 15.2

Closing Stock Price Andrews

Baldwin
$200
Chester
Digby

$150

$100

$50

$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 11.5% 97.37 BBB

11.9S2031 $7,072,000 12.0% 98.79 BBB

11.4S2034 $14,500,000 11.9% 95.93 BBB

11.5S2035 $4,000,000 12.0% 96.07 BBB

12.2S2036 $14,000,000 12.3% 99.47 BBB

13.3S2037 $10,000,000 12.6% 105.58 BBB

Baldwin

12.4S2031 $808,292 12.9% 96.19 CCC

11.9S2033 $15,600,633 12.8% 92.94 CCC

13.1S2034 $17,795,619 13.4% 97.40 CCC

13.6S2035 $37,452,625 13.7% 99.53 CCC

13.8S2036 $24,589,759 13.7% 100.50 CCC

Chester

11.2S2033 $2,580,623 11.6% 96.31 BBB

12.0S2034 $1,376,019 12.1% 99.55 BBB

12.1S2035 $19,991,958 12.1% 100.00 BBB

12.5S2036 $11,030,512 12.2% 102.12 BBB

Digby

12.5S2031 $14,052,927 13.1% 95.07 CC

12.5S2032 $7,975,862 13.3% 94.19 CC

12.5S2033 $9,473,322 13.4% 93.43 CC

13.4S2034 $14,397,660 13.9% 96.59 CC

13.9S2035 $34,636,089 14.1% 98.62 CC

14.1S2036 $15,278,023 14.2% 99.51 CC

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Round 4
Financial Summary Riya Thakur Dec. 31 2027

Cash Flow Statement Survey

Andrews Baldwin Chester Digby
Cash flows from operating activities
Net Income (Loss) $6,845 $10,238 $49,712 $7,263
Adjustment for non-cash items:
Depreciation $9,968 $18,801 $10,957 $17,941
Extraordinary gains/losses/writeoffs $0 ($1,061) ($300) ($973)
Changes in current assets and liabilities:
Accounts payable ($2,326) ($288) $1,567 ($2,037)
Inventory $9,545 $968 ($877) $5,397
Accounts receivable $1,021 ($1,756) ($4,976) ($571)
Net cash from operations $25,054 $26,902 $56,084 $27,020

Cash flows from investing activities

Plant improvements (net) $0 $0 $0 $0
Cash flows from financing activities
Dividends paid ($2,175) $0 ($30,546) ($6,177)
Sales of common stock $0 $2,168 $0 $0
Purchase of common stock $0 $0 ($4,326) $0
Cash from long term debt issued $10,000 $0 $0 $0
Early retirement of long term debt $0 ($12,596) ($5,297) ($10,057)
Retirement of current debt ($29,873) ($29,475) ($22,318) ($31,703)
Cash from current debt borrowing $0 $32,731 $27,935 $28,303
Cash from emergency loan $0 $0 $0 $0

Net cash from financing activities ($22,049) ($7,172) ($34,552) ($19,635)

Net change in cash position $3,005 $19,730 $21,532 $7,385

Balance Sheet Survey

Andrews Baldwin Chester Digby
Cash $3,005 $47,389 $53,506 $44,067
Accounts Receivable $11,949 $16,262 $22,510 $12,794
Inventory $71,033 $17,204 $22,350 $9,318
Total Current Assets $85,987 $80,855 $98,366 $66,179

Plant and equipment $149,520 $282,020 $164,360 $269,116

Accumulated Depreciation ($79,877) ($108,356) ($71,619) ($114,579)
Total Fixed Assets $69,643 $173,664 $92,741 $154,537

Total Assets $155,630 $254,519 $191,107 $220,716

Accounts Payable $6,535 $9,532 $12,767 $6,802

Current Debt $0 $32,731 $27,935 $28,303
Total Current Liabilities $6,535 $42,263 $40,702 $35,105

Long Term Debt $58,409 $96,247 $34,979 $95,814

Total Liabilities $64,944 $138,511 $75,681 $130,919

Common Stock $20,081 $59,865 $11,932 $56,658

Retained Earnings $70,606 $56,143 $103,494 $33,140
Total Equity $90,686 $116,008 $115,426 $89,797

Total Liabilities & Owner's Equity $155,630 $254,519 $191,107 $220,716

Income Statement Survey

Andrews Baldwin Chester Digby
Sales $155,765 $197,853 $273,866 $155,658
Variable Costs (Labor, Material, Carry) $106,410 $119,007 $157,138 $89,271
Contribution Margin $49,355 $78,846 $116,728 $66,387
Depreciation $9,968 $18,801 $10,957 $17,941
SGA (R&D, Promo, Sales, Admin) $17,159 $21,772 $14,310 $15,851
Other (Fees, Writeoffs, TQM, Bonuses $4,500 $5,237 $6,095 $4,678
EBIT $17,728 $33,036 $85,365 $27,917
Interest (Short term, Long term) $6,982 $16,965 $7,325 $16,515
Taxes $3,761 $5,625 $27,314 $3,991
Profit Sharing $140 $209 $1,015 $148
Net Profit $6,845 $10,238 $49,712 $7,263

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Round 4
Production Analysis Riya Thakur Dec. 31 2027

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 8,500 9,000 9,…

Capacity Production

Andrews Baldwin Chester Digby

Units Produced 4,567 8,961 7,872 7,773

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 671 1,932 12/2/2027 1.5 18000 8.2 12.0 $21.00 $0.00 $0.00 12% 0% 9.0 1,130 0%

Awe Core 1,329 1,881 1/11/2028 2.6 22000 9.8 10.5 $27.00 $8.46 $4.22 30% 0% 8.0 1,200 83%

Ark Nano 1,390 0 11/12/2027 1.3 24000 12.5 4.8 $31.00 $12.03 $8.65 35% 92% 6.0 728 191%

Able Elite 906 347 10/11/2027 1.4 26000 15.0 7.6 $37.00 $12.46 $7.99 41% 40% 6.0 714 139%

Abhi Core 884 307 1/18/2028 2.2 24000 11.0 6.8 $33.00 $10.80 $12.20 27% 100% 4.0 600 199%

Bolt Thrift 1,403 164 12/20/2026 3.2 14000 9.1 11.0 $15.00 $5.93 $1.23 49% 0% 10.0 1,250 91%

Buzz Thrift 1,564 229 12/6/2024 4.1 16000 10.0 10.1 $17.00 $7.14 $1.23 44% 0% 10.0 1,650 87%

Brat Nano 1,575 285 12/21/2027 1.0 18000 14.2 2.9 $28.00 $11.83 $5.83 36% 62% 7.0 1,050 160%

Baker Elite 1,279 248 12/21/2027 1.0 20000 17.6 5.7 $34.00 $12.62 $5.40 45% 25% 7.0 1,000 124%

Bead Core 1,500 159 12/14/2027 1.0 16000 12.0 7.9 $19.00 $8.63 $4.25 32% 45% 8.0 1,100 144%

Bid Core 1,705 180 12/14/2027 1.0 16000 11.7 8.3 $20.00 $8.38 $4.50 36% 83% 8.0 1,040 181%

Cozy Nano 2,208 268 9/13/2027 1.3 23000 14.9 2.7 $34.00 $13.04 $6.63 42% 100% 7.0 1,200 198%

Cute Elite 1,866 0 8/21/2027 1.6 25000 18.0 5.2 $34.00 $13.82 $6.63 40% 100% 7.0 850 198%

Crimp Nano 1,626 485 8/13/2027 1.4 23000 15.3 2.4 $37.00 $13.28 $6.22 45% 52% 7.0 1,250 151%

Cake Elite 2,032 375 8/21/2027 1.3 25000 17.8 4.9 $37.00 $13.83 $6.07 44% 39% 7.0 1,400 138%

Dome Thrift 2,079 161 5/16/2027 2.7 17000 9.4 10.7 $15.00 $6.69 $1.42 45% 27% 10.0 1,650 126%

Dug Thrift 2,097 155 4/30/2027 2.7 17000 9.6 10.5 $15.00 $6.82 $1.35 43% 11% 10.0 1,846 110%

Daft Core 1,968 234 12/14/2027 1.6 18000 12.1 7.3 $23.00 $9.03 $4.46 40% 46% 8.0 1,300 145%

Daze Core 1,910 251 12/14/2027 1.6 20000 12.8 7.8 $25.00 $9.64 $4.13 43% 16% 8.0 1,550 115%

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Thrift Market Segment Round 4
Analysis Riya Thakur Dec. 31 2027

Thrift Statisitcs Accessibility Thrift

Total Industry Unit Demand 7,748

Actual Industry Unit Sales 7,748

Andrews
Segment % of Total Industry 25.8%

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 9.1 Size 11.0 15%

4. Age Ideal Age = 3.0 10%

Digby

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

Perceptual Map For Thrift Actual vs Potential Market Share Thrift

20 60%

18
50%
16

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

10
Bid
Bead
8 Daft
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

Dome 26% 1,992 5/16/2027 9.4 10.7 $15.00 17000 2.68 $1,300 83% $1,600 83% 69

Dug 25% 1,945 4/30/2027 9.6 10.5 $15.00 17000 2.65 $1,300 83% $1,600 83% 67

Bolt 18% 1,363 12/20/2026 9.1 11.0 $15.00 14000 3.25 $1,200 72% $1,000 78% 46

Buzz 14% 1,049 12/6/2024 10.0 10.1 $17.00 16000 4.11 $1,200 72% $1,000 78% 36

Ace 9% 671 12/2/2027 8.2 12.0 $21.00 18000 1.49 $1,000 79% $1,000 64% 25

Awe 5% 374 1/11/2028 9.8 10.5 $27.00 22000 2.64 $1,000 73% $1,000 64% 14

Bid 3% 239 12/14/2027 11.7 8.3 $20.00 16000 0.96 $1,200 62% $900 78% 2

Bead 1% 111 12/14/2027 12.0 7.9 $19.00 16000 0.96 $1,200 67% $900 78% 0

Daft 0% 4 12/14/2027 12.1 7.3 $23.00 18000 1.56 $1,300 83% $1,400 83% 0

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Round 4
Core Market Segment Analysis Riya Thakur Dec. 31 2027

Core Statisitcs Accessibility Core

Total Industry Unit Demand 9,781

Actual Industry Unit Sales 9,781

Andrews
Segment % of Total Industry 32.6%

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 12.4 Size 7.7 16%

Digby

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

Perceptual Map For Core Actual vs Potential Market Share Core

20 50%

18

16 40%

14

30%
12 Bolt
Dome
Dug
Awe
Buzz
Size

10
Bid 20%
Bead
Daze Able
8 Daft
Abhi

6
Ark
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

Daft 20% 1,959 12/14/2027 12.1 7.3 $23.00 18000 1.56 $1,300 83% $1,400 81% 53

Daze 19% 1,900 12/14/2027 12.8 7.8 $25.00 20000 1.57 $1,300 83% $1,400 81% 52

Bid 15% 1,466 12/14/2027 11.7 8.3 $20.00 16000 0.96 $1,200 62% $900 73% 39

Bead 14% 1,390 12/14/2027 12.0 7.9 $19.00 16000 0.96 $1,200 67% $900 73% 37

Awe 10% 955 1/11/2028 9.8 10.5 $27.00 22000 2.64 $1,000 73% $1,000 83% 15

Ark 7% 649 11/12/2027 YES 12.5 4.8 $31.00 24000 1.29 $1,000 76% $1,000 83% 8

Abhi 6% 560 1/18/2028 11.0 6.8 $33.00 24000 2.16 $1,000 63% $1,000 83% 15

Buzz 5% 515 12/6/2024 10.0 10.1 $17.00 16000 4.11 $1,200 72% $1,000 73% 10

Dug 2% 152 4/30/2027 9.6 10.5 $15.00 17000 2.65 $1,300 83% $1,600 81% 3

Able 1% 109 10/11/2027 15.0 7.6 $37.00 26000 1.43 $1,000 86% $1,000 83% 2

Dome 1% 87 5/16/2027 9.4 10.7 $15.00 17000 2.68 $1,300 83% $1,600 81% 2

Bolt 0% 40 12/20/2026 9.1 11.0 $15.00 14000 3.25 $1,200 72% $1,000 73% 0

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Round 4
Nano Market Segment Analysis Riya Thakur Dec. 31 2027

Nano Statisitcs Accessibility Nano

Total Industry Unit Demand 6,166

Actual Industry Unit Sales 6,166

Andrews
Segment % of Total Industry 20.6%

Next Year's Segment Growth Rate 14%

Baldwin
Nano Customer Buying Criteria
Expectations Importance

1. Ideal Position Pfmn 14.3 Size 2.6 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 80%

18

16
60%
14

12
40%
Size

10
Daze
8 Daft
Abhi

6 Cake 20%
Ark

4 Brat
Cozy
Crimp
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

Cozy 32% 1,964 9/13/2027 14.9 2.7 $34.00 23000 1.27 $1,400 92% $1,100 80% 66

Crimp 25% 1,557 8/13/2027 15.3 2.4 $37.00 23000 1.36 $1,400 92% $1,000 80% 51

Brat 25% 1,553 12/21/2027 14.2 2.9 $28.00 18000 1.02 $1,200 73% $2,400 74% 56

Ark 12% 741 11/12/2027 YES 12.5 4.8 $31.00 24000 1.29 $1,000 76% $1,000 71% 39

Abhi 5% 324 1/18/2028 11.0 6.8 $33.00 24000 2.16 $1,000 63% $1,000 71% 0

Cake 0% 18 8/21/2027 17.8 4.9 $37.00 25000 1.35 $1,400 91% $1,000 80% 0

Daft 0% 5 12/14/2027 12.1 7.3 $23.00 18000 1.56 $1,300 83% $1,400 12% 0

Daze 0% 3 12/14/2027 12.8 7.8 $25.00 20000 1.57 $1,300 83% $1,400 12% 0

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Round 4
Elite Market Segment Analysis Riya Thakur Dec. 31 2027

Elite Statisitcs Accessibility Elite

Total Industry Unit Demand 6,299

Actual Industry Unit Sales 6,299

Andrews
Segment % of Total Industry 21%

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 17.5 Size 5.8 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 80%

18

16
60%
14

12
40%
Size

10
Daze Able
8

Baker
6 Cute
Cake 20%

4 Brat
Cozy
Crimp
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 32% 2,014 8/21/2027 17.8 4.9 $37.00 25000 1.35 $1,400 91% $1,000 87% 50

Cute 30% 1,866 8/21/2027 YES 18.0 5.2 $34.00 25000 1.63 $1,400 92% $1,000 87% 54

Baker 20% 1,279 12/21/2027 17.6 5.7 $34.00 20000 1.03 $1,200 72% $2,400 74% 37

Able 13% 797 10/11/2027 15.0 7.6 $37.00 26000 1.43 $1,000 86% $1,000 53% 27

Cozy 4% 245 9/13/2027 14.9 2.7 $34.00 23000 1.27 $1,400 92% $1,100 87% 0

Crimp 1% 68 8/13/2027 15.3 2.4 $37.00 23000 1.36 $1,400 92% $1,000 87% 0

Brat 0% 22 12/21/2027 14.2 2.9 $28.00 18000 1.02 $1,200 73% $2,400 74% 0

Daze 0% 7 12/14/2027 12.8 7.8 $25.00 20000 1.57 $1,300 83% $1,400 5% 0

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Round 4
Market Share Report Riya Thakur Dec. 31 2027

Units Sold vs Demand Market Share

11,000 80%

10,000
70%
9,000
60%
8,000

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 7,748 9,781 6,166 6,299 29,994 Units Demanded 7,748 9,781 6,166 6,299 29,994

% of Market 25.8% 32.6% 20.6% 21.0% 100.0% % of Market 25.8% 32.6% 20.6% 21.0% 100.0%

Ace 8.7% 2.2% Ace 8.7% 2.2%

Awe 4.8% 9.8% 4.4% Awe 4.8% 9.7% 4.4%

Ark 6.6% 12.0% 4.6% Ark 7.2% 13.2% 5.1%

Able 1.1% 12.7% 3.0% Able 1.1% 12.1% 2.9%

Abhi 5.7% 5.3% 3.0% Abhi 5.7% 5.2% 2.9%

Total 13.5% 23.2% 17.3% 12.7% 17.3% Total 13.5% 23.7% 18.4% 12.1% 17.5%

Bolt 17.6% 0.4% 4.7% Bolt 17.6% 0.4% 4.7%

Buzz 13.5% 5.3% 5.2% Buzz 13.5% 5.2% 5.2%

Brat 25.2% 0.4% 5.3% Brat 24.8% 0.3% 5.2%

Baker 20.3% 4.3% Baker 19.6% 4.1%

Bead 1.4% 14.2% 5.0% Bead 1.4% 14.1% 5.0%

Bid 3.1% 15.0% 5.7% Bid 3.1% 14.9% 5.7%

Total 35.7% 34.9% 25.2% 20.7% 30.1% Total 35.7% 34.6% 24.9% 20.0% 29.8%

Cozy 31.9% 3.9% 7.4% Cozy 31.4% 3.9% 7.3%

Cute 29.6% 6.2% Cute 32.1% 6.7%

Crimp 25.3% 1.1% 5.4% Crimp 24.9% 1.1% 5.4%

Cake 0.3% 32.0% 6.8% Cake 0.3% 30.7% 6.5%

Total 57.4% 66.6% 25.8% Total 56.6% 67.8% 25.9%

Dome 25.7% 0.9% 6.9% Dome 25.7% 0.9% 6.9%

Dug 25.1% 1.6% 7.0% Dug 25.1% 1.5% 7.0%

Daft 0.1% 20.0% 0.1% 6.6% Daft 0.1% 19.9% 0.1% 6.5%

Daze 19.4% 0.1% 0.1% 6.4% Daze 19.3% 0.1% 6.3%

Total 50.9% 41.9% 0.1% 0.1% 26.9% Total 50.9% 41.6% 0.1% 0.1% 26.8%

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Round 4
Perceptual Map Riya Thakur Dec. 31 2027

20

18

16

14

Ace
12
Bolt
Dome
Dug
Awe
Buzz
Size 10

Bid
Bead
Daze
8 Able
Daft
Abhi

6 Baker
Cute
Ark Cake

4
Brat
Cozy
Crimp
2

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 8.2 12.0 12/2/2027 Bolt 9.1 11.0 12/20/2026 Cozy 14.9 2.7 9/13/2027

Awe 9.8 10.5 1/11/2028 Buzz 10.0 10.1 12/6/2024 Cute 18.0 5.2 8/21/2027

Ark 12.5 4.8 11/12/2027 Brat 14.2 2.9 12/21/2027 Crimp 15.3 2.4 8/13/2027

Able 15.0 7.6 10/11/2027 Baker 17.6 5.7 12/21/2027 Cake 17.8 4.9 8/21/2027

Abhi 11.0 6.8 1/18/2028 Bead 12.0 7.9 12/14/2027

Bid 11.7 8.3 12/14/2027

Digby

Name Pfmn Size Revised

Dome 9.4 10.7 5/16/2027

Dug 9.6 10.5 4/30/2027

Daft 12.1 7.3 12/14/2027

Daze 12.8 7.8 12/14/2027

COMP-XM® INQUIRER Page 10

COOKIE SETTINGS
 TOP
Round 4
HR/TQM Report Riya Thakur Dec. 31 2027
Human Resources Summary

Andrews Baldwin Chester Digby

Needed Complement 515 493 657 310

Complement 515 493 657 310

1st Shift Complement 317 341 389 245

2nd Shift Complement 198 152 269 65

Overtime % 0.0% 0.0% 0.0% 0.0%

Turnover Rate 9.0% 6.0% 10.0% 7.9%

New Employees 46 30 71 25

Separated Employees 244 110 0 194

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

Training Hours 20 80 0 40

Productivity Index 104.5% 130.3% 100.0% 117.7%

Recruiting Cost $139 $177 $71 $86

Separation Cost $1,220 $551 $0 $969

Training Cost $206 $788 $0 $248

Total HR Admin Cost $1,565 $1,517 $71 $1,303

Labor Contract Next Year

Wages $31.04 $31.04 $31.04 $31.04

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 $1,500 $0 $1,250

Vendor/JIT $1,000 $1,500 $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 $0 $1,500 $0 $0

TQM Budgets Last Year

Benchmarking $0 $1,500 $0 $0

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

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

GEMI TQEM Sustainability Initiatives $1,000 $0 $1,250 $750

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

Cumulative Impacts

Material Cost Reduction 7.79% 6.07% 9.48% 10.20%

Labor Cost Reduction 5.88% 0.28% 14.00% 4.39%

Reduction R&D Cycle Time 37.23% 0.00% 40.01% 0.00%

Reduction Admin Costs 8.44% 60.02% 0.00% 34.91%

Demand Increase 9.60% 2.35% 12.78% 10.57%

COMP-XM® INQUIRER Page 11

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 4
Annual Report Andrews C59559 Dec. 31 2027

Balance Sheet
ASSETS 2027 2026
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 $3,005 1.9% $0
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $11,949 7.7% $12,970
Inventories: The current value of your inventory
Inventory $71,033 45.6% $80,579
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $85,987 55.3% $93,549
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $149,520 96.1% $149,520

accumulated depreciation from your plant. Accts Accumulated Depreciation ($79,877) -51.3% ($69,909)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $69,643 44.7% $79,611
the company is obligated to pay during the next year
Total assets $155,630 100% $173,160
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 $6,535 4.2% $8,861
this represents the total value of your bonds. Current Debt $0 0% $29,873
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $58,409 37.5% $48,409
The profits that the company chose to keep instead of
Total Liabilities $64,944 41.7% $87,143
paying to shareholders as dividends.
Common Stock $20,081 12.9% $20,081

Retained Earnings $70,606 45.4% $65,936

Total Equity $90,687 58.3% $86,017

Total Liab. & O. Equity $155,630 100% $173,160

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
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) $6,845 $1,025
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $9,968 $9,968
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 ($2,326) $1,074
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 $9,545 ($6,810)

Accounts Receivable $1,021 ($1,865)

Cash Flow Summary Andrews Net cash from operations $25,054 $3,391

30k Cash Flows from Investing Activities:

Plant Improvements $0 ($22,688)

20k Cash Flows from Financing Activities:

Dividends paid ($2,175) ($2,175)

10k
Sales of Common Stock $0 $3,000

Purchase of Common Stock $0 $0

0
Cash from long term debt $10,000 $14,000

Retirement of long term debt $0 $0

-10k
Change in current debt (net) ($29,873) $4,473

Net cash from financing activities ($22,049) $19,297

-20k
Net change in cash position $3,005 $0

Closing cash position $3,005 $0

-30k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 4
Annual Report Andrews C59559 Dec. 31 2027

2027 Income Statement

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

Sales $14,095 $35,883 $43,089 $33,526 $29,172 $0 $0 $0 $155,765 100%

Variable Costs:

Direct Labor $4,316 $8,737 $12,017 $7,748 $10,783 $0 $0 $0 $43,600 28%

Direct Material $4,874 $12,602 $15,931 $11,116 $9,764 $0 $0 $0 $54,286 34.9%

Inventory Carry $3,175 $3,625 $0 $867 $857 $0 $0 $0 $8,524 5.5%

Total Variable $12,365 $24,964 $27,947 $19,730 $21,404 $0 $0 $0 $106,410 68.3%

Contribution Margin $1,730 $10,920 $15,141 $13,796 $7,768 $0 $0 $0 $49,355 31.7%

Period Costs:

Depreciation $3,164 $3,040 $1,456 $1,428 $880 $0 $0 $0 $9,968 6.4%

R&D $933 $1,000 $875 $787 $1,000 $0 $0 $0 $4,596 3%

Promotions $1,000 $1,000 $1,000 $1,000 $1,000 $0 $0 $0 $5,000 3.2%

Sales $1,000 $1,000 $1,000 $1,000 $1,000 $0 $0 $0 $5,000 3.2%

Admin $232 $591 $709 $552 $480 $0 $0 $0 $2,564 1.6%

Total Period $6,329 $6,631 $5,041 $4,767 $4,360 $0 $0 $0 $27,127 17.4%

Net Margin ($4,599) $4,289 $10,101 $9,030 $3,407 $0 $0 $0 $22,228 14.3%

Other $4,500 2.9%

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 $17,728 11.4%
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 $0 0%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $6,982 4.5%
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 $3,761 2.4%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $140 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 $6,845 4.4%
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% 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%

Ace Awe Ark Able Abhi 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 2026 2027 2025 2026 2027

ROE History Asset Turnover History

40% 1.5

30%

1.0

20%

0.5

10%

0% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

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 2026 2027 2025 2026 2027

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 4
Annual Report Baldwin C59559 Dec. 31 2027

Balance Sheet
ASSETS 2027 2026
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 $47,389 18.6% $27,658
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $16,262 6.4% $14,506
Inventories: The current value of your inventory
Inventory $17,204 6.8% $18,172
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $80,855 31.8% $60,336
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $282,020 110.8% $282,020

accumulated depreciation from your plant. Accts Accumulated Depreciation ($108,356) -42.6% ($89,554)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $173,664 68.2% $192,466
the company is obligated to pay during the next year
Total assets $254,519 100% $252,802
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 $9,532 3.7% $9,820
this represents the total value of your bonds. Current Debt $32,731 12.9% $29,475
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $96,247 37.8% $109,904
The profits that the company chose to keep instead of
Total Liabilities $138,510 54.4% $149,199
paying to shareholders as dividends.
Common Stock $59,865 23.5% $57,697

Retained Earnings $56,143 22.1% $45,905

Total Equity $116,008 45.6% $103,602

Total Liab. & O. Equity $254,519 100% $252,802

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
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) $10,238 ($739)
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $18,801 $18,801
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 ($1,061) $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable ($288) $1,729
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 $968 ($10,167)

Accounts Receivable ($1,756) ($1,861)

Cash Flow Summary Baldwin Net cash from operations $26,902 $7,764

30k Cash Flows from Investing Activities:

Plant Improvements $0 ($57,960)

Cash Flows from Financing Activities:

20k
Dividends paid $0 $0

Sales of Common Stock $2,168 $20,691

Purchase of Common Stock $0 $0

10k
Cash from long term debt $0 $24,590

Retirement of long term debt ($12,596) $0

Change in current debt (net) $3,257 ($5,666)

0
Net cash from financing activities ($7,172) $39,614

Net change in cash position $19,730 ($10,582)

Closing cash position $47,389 $27,658

-10k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 4
Annual Report Baldwin C59559 Dec. 31 2027

2027 Income Statement

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

Sales $21,047 $26,585 $44,111 $43,494 $28,506 $34,109 $0 $0 $197,853 100%

Variable Costs:

Direct Labor $1,995 $2,827 $9,327 $7,185 $6,469 $7,666 $0 $0 $35,469 17.9%

Direct Material $8,568 $11,837 $18,347 $16,027 $12,712 $13,982 $0 $0 $81,473 41.2%

Inventory Carry $148 $258 $601 $539 $245 $274 $0 $0 $2,064 1%

Total Variable $10,711 $14,923 $28,275 $23,751 $19,426 $21,922 $0 $0 $119,007 60.1%

Contribution Margin $10,336 $11,662 $15,836 $19,744 $9,081 $12,188 $0 $0 $78,846 39.9%

Period Costs:

Depreciation $3,833 $5,060 $2,380 $2,267 $2,787 $2,475 $0 $0 $18,801 9.5%

R&D $0 $0 $985 $985 $966 $966 $0 $0 $3,902 2%

Promotions $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $0 $0 $7,200 3.6%

Sales $1,000 $1,000 $2,400 $2,400 $900 $900 $0 $0 $8,600 4.3%

Admin $220 $278 $462 $455 $298 $357 $0 $0 $2,070 1%

Total Period $6,254 $7,538 $7,426 $7,307 $6,151 $5,898 $0 $0 $40,573 20.5%

Net Margin $4,083 $4,124 $8,410 $12,437 $2,930 $6,290 $0 $0 $38,273 19.3%

Other $5,237 2.6%

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 $33,036 16.7%
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 $4,190 2.1%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $12,775 6.5%
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 $5,625 2.8%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $209 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 $10,238 5.2%
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% 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

Bid NA NA

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

$10,000 25%

$7,500 20%

$5,000 15%

$2,500 10%

$0 5%

$-2,500 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROE History Asset Turnover History

25% 1.5

20%

15% 1.0

10%

5% 0.5

0%

-5% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROS History ROA History

12.5% 12.5%

10% 10%

7.5% 7.5%

5% 5%

2.5% 2.5%

0% 0%

-2.5% -2.5%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 4
Annual Report Chester C59559 Dec. 31 2027

Balance Sheet
ASSETS 2027 2026
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 $53,506 28% $31,974
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $22,510 11.8% $17,534
Inventories: The current value of your inventory
Inventory $22,350 11.7% $21,473
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $98,366 51.5% $70,981
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $164,360 86% $164,360
accumulated depreciation from your plant. Accts Accumulated Depreciation ($71,619) -37.5% ($60,661)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $92,741 48.5% $103,699
the company is obligated to pay during the next year
Total assets $191,107 100% $174,680
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 $12,767 6.7% $11,200
this represents the total value of your bonds. Current Debt $27,935 14.6% $22,318
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $34,979 18.3% $40,576
The profits that the company chose to keep instead of
Total Liabilities $75,681 39.6% $74,094
paying to shareholders as dividends.
Common Stock $11,932 6.2% $12,468

Retained Earnings $103,494 54.2% $88,118

Total Equity $115,426 60.4% $100,586

Total Liab. & O. Equity $191,107 100% $174,680

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026

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) $49,712 $27,303
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $10,957 $10,957
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 ($300) $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $1,567 $1,366
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 ($877) ($6,885)

Accounts Receivable ($4,976) ($2,542)

Cash Flow Summary Chester Net cash from operations $56,084 $30,199

75k Cash Flows from Investing Activities:

Plant Improvements $0 ($38,100)

Cash Flows from Financing Activities:

50k
Dividends paid ($30,546) $0

Sales of Common Stock $0 $0

25k
Purchase of Common Stock ($4,326) ($2,068)

Cash from long term debt $0 $11,031

0 Retirement of long term debt ($5,297) $0

Change in current debt (net) $5,617 ($7,714)

-25k Net cash from financing activities ($34,552) $1,249

Net change in cash position $21,532 ($6,652)

Closing cash position $53,506 $31,974

-50k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 4
Annual Report Chester C59559 Dec. 31 2027

2027 Income Statement

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

Sales $75,083 $63,439 $60,148 $75,197 $0 $0 $0 $0 $273,866 100%

Variable Costs:

Direct Labor $14,748 $12,439 $10,269 $12,936 $0 $0 $0 $0 $50,393 18.4%

Direct Material $28,376 $25,764 $21,640 $28,283 $0 $0 $0 $0 $104,063 38%

Inventory Carry $627 $0 $1,142 $913 $0 $0 $0 $0 $2,682 1%

Total Variable $43,752 $38,203 $33,051 $42,132 $0 $0 $0 $0 $157,138 57.4%

Contribution Margin $31,330 $25,235 $27,097 $33,065 $0 $0 $0 $0 $116,728 42.6%

Period Costs:

Depreciation $3,024 $1,927 $2,833 $3,173 $0 $0 $0 $0 $10,957 4%

R&D $710 $645 $623 $645 $0 $0 $0 $0 $2,622 1%

Promotions $1,400 $1,400 $1,400 $1,400 $0 $0 $0 $0 $5,600 2%

Sales $1,100 $1,000 $1,000 $1,000 $0 $0 $0 $0 $4,100 1.5%

Admin $545 $460 $437 $546 $0 $0 $0 $0 $1,988 0.7%

Total Period $6,779 $5,432 $6,293 $6,764 $0 $0 $0 $0 $25,268 9.2%

Net Margin $24,552 $19,803 $20,804 $26,301 $0 $0 $0 $0 $91,460 33.4%

Other $6,095 2.2%

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 $85,365 31.2%
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 $3,073 1.1%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $4,252 1.6%
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 $27,314 10%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $1,015 0.4%
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 $49,712 18.2%
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% 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
$60,000 40%

$50,000

30%

$40,000

$30,000 20%

$20,000

10%

$10,000

$0 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROE History Asset Turnover History

50% 2.0

40%
1.5

30%

1.0

20%

0.5
10%

0% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROS History ROA History

20% 30%

25%

15%

20%

10% 15%

10%

5%

5%

0% 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 4
Annual Report Digby C59559 Dec. 31 2027

Balance Sheet
ASSETS 2027 2026
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 $44,067 20% $36,683
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $12,794 5.8% $12,223
Inventories: The current value of your inventory
Inventory $9,318 4.2% $14,715
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $66,179 30% $63,621
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $269,116 121.9% $269,116

accumulated depreciation from your plant. Accts Accumulated Depreciation ($114,579) -51.9% ($96,638)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $154,537 70% $172,478
the company is obligated to pay during the next year
Total assets $220,716 100% $236,098
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 $6,802 3.1% $8,839
this represents the total value of your bonds. Current Debt $28,303 12.8% $31,703
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $95,814 43.4% $106,844
The profits that the company chose to keep instead of
Total Liabilities $130,919 59.3% $147,386
paying to shareholders as dividends.
Common Stock $56,658 25.7% $56,658

Retained Earnings $33,140 15% $32,054

Total Equity $89,798 40.7% $88,712

Total Liab. & O. Equity $220,716 100% $236,098

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
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) $7,263 ($3,745)
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $17,941 $17,941
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 ($973) $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable ($2,037) $351
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 $5,397 ($11,419)

Accounts Receivable ($571) $1,144

Cash Flow Summary Digby Net cash from operations $27,020 $4,272

30k Cash Flows from Investing Activities:

Plant Improvements $0 ($35,194)

20k Cash Flows from Financing Activities:

Dividends paid ($6,177) $0

10k
Sales of Common Stock $0 $14,914

Purchase of Common Stock $0 $0

0
Cash from long term debt $0 $15,278

Retirement of long term debt ($10,057) $0

-10k
Change in current debt (net) ($3,400) ($12,944)

Net cash from financing activities ($19,635) $17,248

-20k
Net change in cash position $7,385 ($13,674)

Closing cash position $44,067 $36,683

-30k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 4
Annual Report Digby C59559 Dec. 31 2027

2027 Income Statement

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

Sales $31,190 $31,458 $45,261 $47,749 $0 $0 $0 $0 $155,658 100%

Variable Costs:

Direct Labor $3,248 $3,300 $8,879 $8,107 $0 $0 $0 $0 $23,534 15.1%

Direct Material $13,894 $14,440 $17,786 $18,500 $0 $0 $0 $0 $64,619 41.5%

Inventory Carry $160 $158 $381 $420 $0 $0 $0 $0 $1,118 0.7%

Total Variable $17,302 $17,897 $27,045 $27,027 $0 $0 $0 $0 $89,271 57.4%

Contribution Margin $13,888 $13,562 $18,216 $20,721 $0 $0 $0 $0 $66,387 42.6%

Period Costs:

Depreciation $5,060 $5,661 $3,293 $3,927 $0 $0 $0 $0 $17,941 11.5%

R&D $375 $331 $966 $966 $0 $0 $0 $0 $2,638 1.7%

Promotions $1,300 $1,300 $1,300 $1,300 $0 $0 $0 $0 $5,200 3.3%

Sales $1,600 $1,600 $1,400 $1,400 $0 $0 $0 $0 $6,000 3.9%

Admin $403 $407 $585 $617 $0 $0 $0 $0 $2,013 1.3%

Total Period $8,739 $9,299 $7,545 $8,210 $0 $0 $0 $0 $33,792 21.7%

Net Margin $5,149 $4,263 $10,671 $12,511 $0 $0 $0 $0 $32,595 20.9%

Other $4,678 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 $27,917 17.9%
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 $3,679 2.4%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $12,836 8.2%
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 $3,991 2.6%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $148 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 $7,263 4.7%
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
$15,000 40%

$10,000 30%

$5,000 20%

$0 10%

$-5,000 0%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROE History Asset Turnover History

20% 1.5

15%

10% 1.0

5%

0% 0.5

-5%

-10% 0.0

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

ROS History ROA History

10% 10%

7.5%
7.5%

5%
5%

2.5%

2.5%
0%

0%
-2.5%

-5% -2.5%

2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
2025 2026 2027 2025 2026 2027

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
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