Annual Report

Round: 4
Annual Report Baldwin C148733
Dec. 31, 2028
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2028 2027
assets for that year. Cash: Your end-of-year cash Common
position. Accounts Receivable: Reflects the lag between Size
delivery and payment of your products. Inventories: The Cash $11,821 9.3% $0
current value of your inventory across all products. A zero
Account Receivable $11,372 8.9% $10,592
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $14,353 11.2% $37,611
Equipment: The current value of your plant. Accum Total Current Assets $37,546 29.4% $48,203
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $155,826 122.0% $152,418
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($65,758) -51.5% ($58,276)
of operations. It includes emergency loans used to keep Total Fixed Assets $90,068 70.6% $94,142
your company solvent should you run out of cash during Total Assets $127,615 100.0% $142,345
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value LIABILITIES & OWNERS
of your bonds. Common Stock: The amount of capital EQUITY
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep Accounts Payable $5,930 4.6% $8,825
instead of paying to shareholders as dividends.
Current Debt $18,900 14.8% $17,255
Long Term Debt $43,850 34.4% $57,750
Total Liabilities $68,680 53.8% $83,830

Common Stock $18,360 14.4% $18,360

Retained Earnings $40,575 31.8% $40,155
Total Equity $58,935 46.2% $58,515
Total Liab. & O. Equity $127,615 100.0% $142,345

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2028 2027
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) $420 $115
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $9,455 $9,321
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs ($573) ($1,258)
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable ($2,894) ($239)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory $23,258 ($17,786)
the report would show the increase in inventory as a huge negative cash
Accounts Receivable ($781) $1,032
flow. Too much unexpected inventory could outstrip your inflows, exhaust
your starting cash and force you to beg for money to keep your company Net cash from operation $28,884 ($8,816)
afloat. Cash Flows from Investing Activities
Plant Improvements ($4,808) ($13,192)
Cash Flows from Financing Activities
Dividends paid $0 ($2,000)
Sales of common stock $0 $0
Purchase of common stock $0 $0
Cash from long term debt $0 $15,000
Retirement of long term debt ($13,900) $0
Change in current debt(net) $1,645 $5,305
Net cash from financing activities ($12,255) $18,305
Net change in cash position $11,821 ($3,702)
Closing cash position $11,821 $0

Annual Report Page 1

 Round: 4
Annual Report Baldwin C148733
Dec. 31, 2028
2028 Income Statement
2028 Common
(Product Name) Baker Bead Bid Bold Buddy Bruno Behigh Bedrun
Total Size
Sales $23,889 $42,874 $30,834 $13,018 $341 $27,406 $0 $0 $138,362 100.0%
Variable Costs:
Direct Labor $6,632 $15,220 $11,860 $4,047 $116 $12,322 $0 $0 $50,198 36.3%
Direct Material $8,556 $11,254 $11,351 $5,434 $151 $8,463 $0 $0 $45,209 32.7%
Inventory Carry $1,001 $55 $0 $470 $0 $197 $0 $0 $1,722 1.2%
Total Variable $16,189 $26,529 $23,211 $9,951 $268 $20,982 $0 $0 $97,129 70.2%
Contribution Margin $7,700 $16,345 $7,623 $3,067 $74 $6,424 $0 $0 $41,233 29.8%
Period Costs:
Depreciation $3,360 $3,173 $1,213 $533 $2 $1,173 $0 $0 $9,455 6.8%
SG&A: R&D $477 $1,000 $0 $729 $0 $1,000 $1,000 $1,000 $5,206 3.8%
Promotions $1,100 $1,250 $1,400 $1,100 $0 $1,100 $0 $0 $5,950 4.3%
Sales $1,100 $1,300 $1,000 $1,000 $0 $1,000 $0 $0 $5,400 3.9%
Admin $540 $969 $697 $294 $8 $620 $0 $0 $3,128 2.3%
Total Period $6,577 $7,693 $4,311 $3,656 $9 $4,893 $1,000 $1,000 $29,139 21.1%
Net Margin $1,123 $8,652 $3,313 ($589) $64 $1,531 ($1,000) ($1,000) $12,094 8.7%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $3,427 2.5%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $8,667 6.3%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $2,325 1.7%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $5,683 4.1%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $231 0.2%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $9 0.0%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $420 0.3%
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Annual Report Page 2