Round: 6

Dec. 31, C129811

2027
Andrews Baldwin Chester
Paarth Aurora Anirudh Agarwal
Prajna C J Vinay Milind
Ameya Chitre Ruchita Natarajan
Vrajesh Iyengar MD TARIQUE NOOR
Lakhshya Khurana Anagha Patne
Raghu Kumar Yadav Garvit Ratadiya

Digby Erie Ferris

Abhialsha Bagariya Nikhil Singh Gangwa HUSAIN JALIWALLA
Onkar Moharir Ayush Mandhana ATHIRA KANNAN
Raksha Saraf Yash Pawar Anindya Longvah
Salman Shaik Akanksha Shridhar Mithun Nair
Harshit Sharma Shivam Tanay Sathiyan Rajan Babu
Mihir Tupe Utkarsh Vardhan Amit Ranjan

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS 0.7% -0.8% 1.7% -0.8% -19.4% 4.3%
Asset Turnover 0.68 0.81 0.69 1.00 0.86 0.64
ROA 0.5% -0.7% 1.1% -0.8% -16.7% 2.7%
Leverage 3.3 2.7 3.2 3.0 -61.1 2.4
ROE 1.6% -1.8% 3.7% -2.4% -1018.4% 6.5%
Emergency Loan $0 $0 $22,936,851 $47,151,870 $38,661,030 $0
Sales $176,790,872 $140,589,873 $153,489,899 $109,722,770 $97,285,863 $203,082,950
EBIT $21,056,648 $7,936,094 $21,260,059 $7,254,095 ($16,233,545) $32,343,356
Profits $1,270,281 ($1,181,938) $2,561,544 ($885,357) ($18,881,086) $8,674,008
Cumulative Profit ($17,685,258) $27,915,197 ($13,877,122) ($4,259,217) ($56,868,772) $64,961,974
SG&A / Sales 13.0% 14.0% 21.2% 12.5% 25.7% 15.6%
Contrib. Margin % 42.1% 31.9% 45.2% 27.9% 20.5% 49.1%

CAPSTONE ® COURIER Page 1

 Round: 6
Stock & Bonds C129811 Dec. 31, 2027
Stock Market Summary
MarketCap Book Value
Company Close Change Shares EPS Dividend Yield P/E
($M) Per Share
Andrews $15.43 $6.56 5,786,863 $89 $13.67 $0.22 $0.00 0.0% 70.0
Baldwin $29.66 ($12.16) 2,277,793 $68 $28.55 ($0.52) $3.26 11.0% -57.3
Chester $17.32 $9.59 3,631,965 $63 $19.16 $0.71 $0.00 0.0% 24.5
Digby $1.00 $0.00 2,000,000 $2 $18.25 ($0.44) $0.00 0.0% -2.3
Erie $1.00 $0.00 2,155,014 $2 ($0.86) ($8.76) $0.00 0.0% -0.1
Ferris $68.85 $10.58 2,658,550 $183 $50.30 $3.26 $0.00 0.0% 21.1

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
11.3S2032 $18,994,000 12.0% 94.36 DDD Erie
12.8S2033 $20,000,000 12.9% 99.60 DDD 11.8S2033 $2,000,000 12.5% 94.05 DDD
13.5S2034 $22,907,000 13.1% 102.66 DDD 14.2S2035 $4,000,000 13.6% 104.28 DDD
14.3S2035 $28,492,000 13.4% 106.74 DDD 10.3S2037 $30,000,000 12.3% 83.92 DDD
9.7S2037 $34,029,000 11.7% 82.57 DDD Ferris
Baldwin 12.3S2033 $20,000,000 12.2% 100.82 CC
13.2S2035 $28,739,425 12.8% 103.42 C 13.0S2034 $20,338,000 12.5% 104.09 CC
9.3S2036 $2,173,837 11.2% 83.27 C 14.0S2035 $30,000,000 12.8% 109.41 CC
9.0S2037 $22,842,720 11.2% 80.62 C 8.6S2036 $20,000,000 10.6% 81.42 CC
Chester 9.1S2037 $67,000,000 10.9% 83.12 CC
11.3S2032 $18,994,000 11.9% 94.70 C
11.9S2033 $20,000,000 12.3% 96.38 C
13.0S2034 $29,000,000 12.9% 100.89 C
13.9S2035 $11,000,000 13.2% 105.31 C
9.7S2036 $4,000,000 11.6% 83.97 C
9.8S2037 $20,000,000 11.7% 83.59 C

Next Year's Prime Rate7.00%

CAPSTONE ® COURIER Page 2
 Round: 6
Financial Summary C129811 Dec. 31, 2027
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $1,270 ($1,182) $2,562 ($885) ($18,881) $8,674
Adjustment for non-cash items:
Depreciation $18,347 $12,327 $15,063 $9,633 $8,653 $22,387
Extraordinary gains/losses/writeoffs ($4) $0 ($563) $0 $0 $0
Changes in current assets and liablilities
Accounts payable $356 ($2,008) $351 ($2,242) ($2,831) ($7,907)
Inventory ($25,148) $8,095 ($17,728) $9,321 $13,454 $38,540
Accounts Receivable $1,050 $469 $604 ($125) ($2,968) $2,359
Net cash from operations ($4,129) $17,700 $288 $15,702 ($2,572) $64,053

Cash flows from investing activities

Plant improvements(net) ($41,999) ($12,500) ($15,210) $0 $0 ($27,200)
Cash flows from financing activities
Dividends paid $0 ($7,417) $0 $0 $0 $0
Sales of common stock $8,556 $0 $0 $0 $0 $0
Purchase of common stock $0 $0 $0 $0 $0 $0
Cash from long term debt issued $34,029 $22,843 $20,000 $0 $30,000 $67,000
Early retirement of long term debt $0 $0 $0 $0 $0 $0
Retirement of current debt ($17,479) ($35,739) ($28,045) ($62,854) ($81,089) ($53,041)
Cash from current debt borrowing $26,000 $27,872 $30 $0 $15,000 $0
Cash from emergency loan $0 $0 $22,937 $47,152 $38,661 $0

Net cash from financing activities $51,106 $7,559 $14,922 ($15,702) $2,572 $13,959

Net change in cash position $4,978 $12,759 $0 $0 $0 $50,813

Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $4,978 $48,157 $0 $0 $0 $50,813
Accounts Receivable $14,531 $11,555 $33,642 $9,018 $10,661 $16,692
Inventory $61,544 $16,117 $53,423 $40,679 $61,996 $46,771
Total Current Assets $81,053 $75,829 $87,065 $49,698 $72,658 $114,276

Plant and equipment $275,200 $184,900 $225,940 $144,500 $129,800 $335,800

Accumulated Depreciation ($96,017) ($86,180) ($88,771) ($84,367) ($89,160) ($133,307)
Total Fixed Assets $179,183 $98,720 $137,169 $60,133 $40,640 $202,493

Total Assets $260,235 $174,549 $224,234 $109,831 $113,298 $316,769

Accounts Payable $9,871 $7,041 $7,847 $5,335 $4,640 $4,866

Current Debt $46,850 $48,722 $43,817 $68,002 $74,511 $20,850
Total Current Liabilities $56,721 $55,763 $51,664 $73,337 $79,151 $25,716

Long Term Debt $124,422 $53,756 $102,994 $0 $36,000 $157,338

Total Liabilities $181,143 $109,518 $154,658 $73,337 $115,152 $183,054

Common Stock $71,384 $30,792 $58,060 $18,360 $32,661 $43,360

Retained Earnings $7,708 $34,239 $11,516 $18,134 ($34,515) $90,356
Total Equity $79,093 $65,031 $69,576 $36,494 ($1,854) $133,715

Total Liabilities & Owners Equity $260,235 $174,549 $224,234 $109,831 $113,298 $316,769

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $176,791 $140,590 $153,490 $109,723 $97,286 $203,083
Variable Costs(Labor,Material,Carry) $102,330 $95,691 $84,153 $79,112 $77,353 $103,353
Contribution Margin $74,461 $44,899 $69,337 $30,611 $19,933 $99,730
Depreciation $18,347 $12,327 $15,063 $9,633 $8,653 $22,387
SGA(R&D,Promo,Sales,Admin) $22,932 $19,744 $32,578 $13,723 $25,013 $31,650
Other(Fees,Writeoffs,TQM,Bonuses) $12,125 $4,892 $437 $0 $2,500 $13,350
EBIT $21,057 $7,936 $21,260 $7,254 ($16,234) $32,343
Interest(Short term,Long term) $19,062 $9,754 $17,239 $8,616 $12,814 $18,726
Taxes $698 ($636) $1,407 ($477) ($10,167) $4,766
Profit Sharing $26 $0 $52 $0 $0 $177
Net Profit $1,270 ($1,182) $2,562 ($885) ($18,881) $8,674
CAPSTONE ® COURIER Page 3
 Round: 6
Production Analysis C129811 Dec. 31, 2027

2nd
Shift Auto
Unit & mation Capacity
Primary Units Inven Revision Age Pfmn Size Material Labor Contr. Over- Next Next Plant
Name Segment Sold tory Date Dec.31 MTBF Coord Coord Price
Cost
Cost Marg. time Round Round Utiliz.
Acre Low 2,993 841 2/14/2026 6.2 14000 4.7 15.3 $17.49 $4.97 $1.33 60% 36% 10.0 2,200 135%
Adam Trad 630 1,185 10/1/2027 2.4 15000 9.6 10.4 $26.99 $8.34 $1.18 43% 0% 10.0 1,400 42%
Aft Pfmn 1,203 741 7/2/2027 1.5 27000 14.9 12.0 $31.99 $13.10 $8.03 29% 100% 8.5 850 198%
Agape Size 1,234 450 6/23/2027 1.5 19000 8.0 5.0 $31.99 $11.02 $8.76 36% 100% 9.0 950 198%
Ace High 798 774 6/22/2027 1.5 21500 13.9 6.1 $36.99 $12.78 $8.24 36% 53% 9.0 850 151%

Baker Low 949 199 3/20/2026 3.3 16000 6.5 13.5 $19.50 $7.51 $5.96 25% 0% 7.0 1,100 72%
Bead Low 881 341 7/19/2027 5.5 14000 5.2 14.8 $19.50 $5.98 $3.31 52% 0% 9.0 1,450 58%
Bid High 679 165 6/23/2027 1.4 24000 14.6 5.4 $37.00 $15.69 $8.61 30% 0% 5.0 850 58%
Bold Trad 1,505 145 10/12/2027 1.4 19000 10.1 9.9 $27.00 $10.98 $8.33 29% 43% 6.0 1,050 141%
Buddy Trad 1,450 182 10/21/2027 1.4 19000 10.1 9.9 $27.00 $10.98 $8.33 30% 43% 6.0 1,100 141%

Cake Trad 632 160 9/23/2028 3.6 15000 8.2 12.2 $25.00 $8.31 $4.59 46% 100% 8.0 400 198%
Cedar Low 2,359 116 5/25/2025 6.6 12000 4.1 16.3 $18.00 $4.47 $1.71 64% 47% 9.8 1,700 146%
Cid High 120 521 5/27/2028 3.3 21000 11.9 8.5 $35.00 $12.76 $8.65 5% 0% 4.0 200 99%
Coat Pfmn 436 0 1/20/2028 3.9 27000 13.3 13.2 $30.00 $13.87 $8.65 24% 0% 4.0 500 87%
Cure Size 57 1,124 10/19/2028 4.2 17000 6.0 7.8 $30.00 $10.20 $10.42 -134% 75% 4.0 400 173%
Cookie Low 927 901 2/5/2023 4.9 14600 6.0 13.7 $20.00 $6.86 $1.81 50% 87% 9.8 1,000 186%
Candy Trad 1,436 338 1/15/2028 2.6 14500 8.9 11.5 $26.00 $8.66 $3.80 44% 5% 8.0 1,150 104%
Crap High 565 135 11/2/2027 1.0 22000 13.7 6.7 $36.00 $14.35 $7.42 38% 0% 5.0 800 87%

Daze Trad 1,087 1,393 9/2/2027 1.7 19000 9.2 10.8 $26.98 $9.84 $5.31 33% 0% 7.0 1,800 77%
Dell Low 1,980 562 5/7/2027 3.7 17000 4.7 15.3 $17.48 $6.21 $6.85 24% 7% 6.0 1,800 106%
Duck High 687 310 8/4/2027 1.4 25000 14.3 5.7 $36.98 $15.03 $9.30 32% 0% 4.0 800 64%
Dot Pfmn 200 19 8/22/2027 1.4 27000 15.4 11.8 $31.98 $14.36 $10.63 22% 0% 3.0 200 15%
Dune Size 436 156 7/21/2027 1.5 21000 8.2 4.6 $31.98 $12.65 $10.63 24% 0% 3.0 450 66%

Eat Trad 1,111 145 10/28/2027 1.6 15000 8.9 11.2 $25.00 $8.88 $9.14 26% 0% 4.5 1,800 50%
Ebb Low 1,429 1,106 3/25/2028 3.5 14000 3.5 15.5 $17.50 $5.18 $5.80 27% 7% 7.0 1,400 106%
Echo High 407 669 9/5/2027 1.7 24500 13.1 7.0 $36.99 $14.72 $11.25 19% 0% 3.0 900 11%
Edge Pfmn 557 523 1/11/2027 3.2 27000 13.5 12.9 $31.99 $13.96 $11.25 7% 0% 3.0 600 50%
Egg Size 363 721 2/2/2027 2.8 21000 7.0 6.8 $31.99 $12.01 $10.55 15% 0% 3.5 600 99%

Fast Trad 1,495 1,974 9/16/2027 1.3 19000 8.8 11.2 $26.99 $0.00 $0.00 44% 0% 10.0 1,800 0%
Feat Low 1,809 980 9/30/2027 1.6 17000 4.2 15.8 $17.49 $5.45 $1.08 58% 0% 10.0 2,100 38%
Fist High 1,072 394 9/19/2027 1.3 25000 14.0 6.0 $36.99 $13.77 $3.23 49% 0% 10.0 1,100 63%
Foam Pfmn 1,289 340 9/11/2027 1.4 27000 15.4 11.8 $31.99 $13.34 $3.47 45% 18% 10.0 1,100 117%
Fume Size 1,570 83 9/11/2027 1.3 21000 8.2 4.6 $31.99 $11.75 $3.45 52% 17% 10.0 1,200 116%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C129811 Round: 6
Dec. 31, 2027

Traditional Statistics
Total Industry Unit Demand 9,767
Actual Industry Unit Sales |9,767
Segment % of Total Industry |28.4%

Next Year's Segment Growth Rate |4.6%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $17.00 - 27.00 23%
3. Ideal Position Pfmn 9.2 Size 10.8 21%
4. Reliability MTBF 14000-19000 9%

Top Products in Traditional Segment

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

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Bold 15% 1,502 10/12/2027 10.1 9.9 $27.00 19000 1.39 $1,800 100% $1,200 90% 41
Fast 15% 1,495 9/16/2027 8.8 11.2 $26.99 19000 1.32 $2,500 100% $2,500 74% 47
Buddy 15% 1,448 10/21/2027 10.1 9.9 $27.00 19000 1.38 $1,800 100% $1,200 90% 40
Candy 15% 1,436 1/15/2028 8.9 11.5 $26.00 14500 2.59 $1,600 97% $1,600 96% 41
Eat 11% 1,104 10/28/2027 8.9 11.2 $25.00 15000 1.62 $1,800 100% $2,400 60% 45
Daze 11% 1,087 9/2/2027 9.2 10.8 $26.98 19000 1.68 $1,500 100% $1,500 42% 45
Adam 6% 630 10/1/2027 9.6 10.4 $26.99 15000 2.36 $1,400 100% $2,500 77% 49
Cake 6% 619 9/23/2028 8.2 12.2 $25.00 15000 3.59 $1,600 100% $1,600 96% 11
Baker 4% 419 3/20/2026 6.5 13.5 $19.50 16000 3.26 $1,800 100% $1,200 90% 2
Cookie 0% 28 2/5/2023 6.0 13.7 $20.00 14600 4.90 $1,500 99% $1,500 96% 0

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C129811 Round: 6
Dec. 31, 2027

Low End Statistics

Total Industry Unit Demand 12,903
Actual Industry Unit Sales |12,903
Segment % of Total Industry |37.6%

Next Year's Segment Growth Rate |5.8%

Low End Customer Buying Criteria
Expectations Importance
1. Price $12.00 - 22.00 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 4.7 Size 15.3 16%
4. Reliability MTBF 12000-17000 7%

Top Products in Low End Segment

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

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Acre 23% 2,993 2/14/2026 4.7 15.3 $17.49 14000 6.24 $1,400 100% $2,500 72% 49
Cedar 18% 2,359 5/25/2025 4.1 16.3 $18.00 12000 6.60 $1,650 100% $1,650 91% 34
Dell 15% 1,980 5/7/2027 4.7 15.3 $17.48 17000 3.71 $1,500 100% $1,500 44% 29
Feat 14% 1,809 9/30/2027 4.2 15.8 $17.49 17000 1.60 $2,500 100% $2,500 72% 27
Ebb 11% 1,429 3/25/2028 3.5 15.5 $17.50 14000 3.48 $1,800 100% $2,500 66% 22
Cookie 7% 899 2/5/2023 6.0 13.7 $20.00 14600 4.90 $1,500 99% $1,500 91% 16
Bead 7% 881 7/19/2027 5.2 14.8 $19.50 14000 5.52 $1,800 100% $1,200 43% 22
Baker 4% 531 3/20/2026 6.5 13.5 $19.50 16000 3.26 $1,800 100% $1,200 43% 9
Cake 0% 13 9/23/2028 8.2 12.2 $25.00 15000 3.59 $1,600 100% $1,600 91% 1
Eat 0% 7 10/28/2027 8.9 11.2 $25.00 15000 1.62 $1,800 100% $2,400 66% 0

CAPSTONE ® COURIER Page 6

High End Segment Analysis C129811 Round: 6
Dec. 31, 2027

High End Statistics

Total Industry Unit Demand 4,334
Actual Industry Unit Sales |4,334
Segment % of Total Industry |12.6%

Next Year's Segment Growth Rate |8.1%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 14.3 Size 5.7 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $27.00 - 37.00 9%

Top Products in High End Segment

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

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Fist 25% 1,072 9/19/2027 14.0 6.0 $36.99 25000 1.30 $2,500 100% $2,500 74% 67
Ace 18% 798 6/22/2027 13.9 6.1 $36.99 21500 1.46 $1,400 100% $2,000 69% 43
Duck 16% 687 8/4/2027 14.3 5.7 $36.98 25000 1.42 $1,250 85% $1,360 38% 44
Bid 16% 679 6/23/2027 14.6 5.4 $37.00 24000 1.42 $1,800 100% $1,200 39% 42
Crap 13% 565 11/2/2027 13.7 6.7 $36.00 22000 1.02 $1,500 87% $1,500 81% 41
Echo 9% 407 9/5/2027 13.1 7.0 $36.99 24500 1.74 $1,800 100% $2,800 63% 31
Cid 3% 120 5/27/2028 11.9 8.5 $35.00 21000 3.26 $1,500 100% $1,500 81% 4
Buddy 0% 3 10/21/2027 10.1 9.9 $27.00 19000 1.38 $1,800 100% $1,200 39% 0
Bold 0% 3 10/12/2027 10.1 9.9 $27.00 19000 1.39 $1,800 100% $1,200 39% 0

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C129811 Round: 6
Dec. 31, 2027

Performance Statistics
Total Industry Unit Demand 3,685
Actual Industry Unit Sales |3,685
Segment % of Total Industry |10.7%

Next Year's Segment Growth Rate |9.4%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 15.4 Size 11.8 29%
3. Price $22.00 - 32.00 19%
4. Age Ideal Age = 1.0 9%

Top Products in Performance Segment

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

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Foam 35% 1,289 9/11/2027 15.4 11.8 $31.99 27000 1.35 $2,500 100% $2,500 72% 70
Aft 33% 1,203 7/2/2027 14.9 12.0 $31.99 27000 1.51 $1,500 100% $2,500 65% 65
Edge 15% 557 1/11/2027 13.5 12.9 $31.99 27000 3.22 $1,000 85% $1,500 32% 24
Coat 12% 436 1/20/2028 YES 13.3 13.2 $30.00 27000 3.88 $1,500 100% $1,500 44% 29
Dot 5% 200 8/22/2027 15.4 11.8 $31.98 27000 1.42 $200 8% $100 4% 19

CAPSTONE ® COURIER Page 8

Size Segment Analysis C129811 Round: 6
Dec. 31, 2027

Size Statistics
Total Industry Unit Demand 3,659
Actual Industry Unit Sales |3,659
Segment % of Total Industry |10.7%

Next Year's Segment Growth Rate |9.1%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 8.2 Size 4.6 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $22.00 - 32.00 9%

Top Products in Size Segment

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

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Fume 43% 1,570 9/11/2027 8.2 4.6 $31.99 21000 1.35 $2,500 100% $2,500 73% 87
Agape 34% 1,234 6/23/2027 8.0 5.0 $31.99 19000 1.51 $1,500 100% $2,500 67% 66
Dune 12% 436 7/21/2027 8.2 4.6 $31.98 21000 1.49 $100 14% $200 6% 26
Egg 10% 363 2/2/2027 7.0 6.8 $31.99 21000 2.81 $2,000 100% $2,800 33% 13
Cure 2% 57 10/19/2028 6.0 7.8 $30.00 17000 4.19 $1,500 100% $1,500 46% 2

CAPSTONE ® COURIER Page 9

 Round: 6
Market Share C129811 Dec. 31, 2027

Actual Market Share in Units Potential Market Share in Units

Trad Low High Pfmn Size Total Trad Low High Pfmn Size Total
Industry Unit Sales 9,767 12,903 4,334 3,685 3,659 34,348 Units Demanded 9,767 12,903 4,334 3,685 3,659 34,348
% of Market 28.4% 37.6% 12.6% 10.7% 10.7% 100.0% % of Market 28.4% 37.6% 12.6% 10.7% 10.7% 100.0%

Acre 23.2% 8.7% Acre 23.1% 8.7%

Adam 6.5% 1.8% Adam 6.4% 1.8%
Aft 32.6% 3.5% Aft 30.8% 3.3%
Agape 33.7% 3.6% Agape 33.7% 3.6%
Ace 18.4% 2.3% Ace 18.4% 2.3%
Total 6.5% 23.2% 18.4% 32.6% 33.7% 20.0% Total 6.4% 23.1% 18.4% 30.8% 33.7% 19.7%

Baker 4.3% 4.1% 2.8% Baker 4.3% 4.1% 2.8%

Bead 6.8% 2.6% Bead 6.8% 2.6%
Bid 15.7% 2.0% Bid 15.7% 2.0%
Bold 15.4% 4.4% Bold 15.3% 4.4%
Buddy 14.8% 4.2% Buddy 14.8% 4.2%
Total 34.5% 10.9% 15.8% 15.9% Total 34.4% 10.9% 15.8% 15.9%

Cake 6.3% 1.8% Cake 6.7% 1.9%

Cedar 18.3% 6.9% Cedar 18.5% 7.0%
Cid 2.8% 0.4% Cid 2.8% 0.4%
Coat 11.8% 1.3% Coat 16.9% 1.8%
Cure 1.6% 0.2% Cure 1.6% 0.2%
Cookie 0.3% 7.0% 2.7% Cookie 0.3% 7.0% 2.7%
Candy 14.7% 4.2% Candy 14.7% 4.2%
Crap 13.1% 1.7% Crap 13.0% 1.6%
Total 21.3% 25.4% 15.8% 11.8% 1.6% 19.0% Total 21.6% 25.6% 15.8% 16.9% 1.6% 19.7%

Daze 11.1% 3.2% Daze 11.1% 3.2%

Dell 15.3% 5.8% Dell 15.3% 5.7%
Duck 15.9% 2.0% Duck 15.9% 2.0%
Dot 5.4% 0.6% Dot 5.2% 0.6%
Dune 11.9% 1.3% Dune 11.9% 1.3%
Total 11.1% 15.3% 15.9% 5.4% 11.9% 12.8% Total 11.1% 15.3% 15.9% 5.2% 11.9% 12.7%

Eat 11.3% 3.2% Eat 11.3% 3.2%

Ebb 11.1% 4.2% Ebb 11.0% 4.1%
Echo 9.4% 1.2% Echo 9.4% 1.2%
Edge 15.1% 1.6% Edge 14.2% 1.5%
Egg 9.9% 1.1% Egg 9.9% 1.1%
Total 11.3% 11.1% 9.4% 15.1% 9.9% 11.3% Total 11.3% 11.1% 9.4% 14.2% 9.9% 11.1%

Fast 15.3% 4.3% Fast 15.3% 4.3%

Feat 14.0% 5.3% Feat 14.0% 5.3%
Fist 24.7% 3.1% Fist 24.7% 3.1%
Foam 35.0% 3.8% Foam 33.0% 3.5%
Fume 42.9% 4.6% Fume 42.9% 4.6%
Total 15.3% 14.0% 24.7% 35.0% 42.9% 21.1% Total 15.3% 14.0% 24.7% 33.0% 42.9% 20.8%

CAPSTONE ® COURIER Page 10

 Round: 6
Perceptual Map C129811 Dec. 31, 2027

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Acre 4.7 15.3 2/14/2026 Baker 6.5 13.5 3/20/2026 Cake 8.2 12.2 9/23/2028
Adam 9.6 10.4 10/1/2027 Bead 5.2 14.8 7/19/2027 Cedar 4.1 16.3 5/25/2025
Aft 14.9 12.0 7/2/2027 Bid 14.6 5.4 6/23/2027 Cid 11.9 8.5 5/27/2028
Agape 8.0 5.0 6/23/2027 Bold 10.1 9.9 10/12/2027 Coat 13.3 13.2 1/20/2028
Ace 13.9 6.1 6/22/2027 Buddy 10.1 9.9 10/21/2027 Cure 6.0 7.8 10/19/2028
Cookie 6.0 13.7 2/5/2023
Candy 8.9 11.5 1/15/2028
Crap 13.7 6.7 11/2/2027

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 9.2 10.8 9/2/2027 Eat 8.9 11.2 10/28/2027 Fast 8.8 11.2 9/16/2027
Dell 4.7 15.3 5/7/2027 Ebb 3.5 15.5 3/25/2028 Feat 4.2 15.8 9/30/2027
Duck 14.3 5.7 8/4/2027 Echo 13.1 7.0 9/5/2027 Fist 14.0 6.0 9/19/2027
Dot 15.4 11.8 8/22/2027 Edge 13.5 12.9 1/11/2027 Foam 15.4 11.8 9/11/2027
Dune 8.2 4.6 7/21/2027 Egg 7.0 6.8 2/2/2027 Fume 8.2 4.6 9/11/2027

CAPSTONE ® COURIER Page 11

 Round: 6
HR/TQM Report C129811 Dec. 31, 2027
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 631 582 516 485 467 209
Complement 631 582 516 486 467 209
1st Shift Complement 361 469 402 471 458 186
2nd Shift Complement 270 113 114 15 9 23
Overtime Percent 0.0% 0.0% 0.0% 0.0% 0.0% 0.1%
Turnover Rate 8.0% 8.5% 6.9% 10.0% 9.9% 6.6%
New Employees 83 50 47 49 46 14
Separated Employees 0 211 0 238 244 410
Recruiting Spend $3,500 $2,000 $4,000 $0 $500 $5,000
Training Hours 50 30 70 0 0 80
Productivity Index 107.5% 107.5% 118.8% 100.0% 100.0% 117.8%
Recruiting Cost $375 $149 $233 $49 $70 $83
Separation Cost $0 $1,055 $0 $1,190 $1,220 $2,050
Training Cost $631 $349 $722 $0 $0 $334
Total HR Admin Cost $1,006 $1,553 $956 $1,239 $1,290 $2,468
Labor Contract Next Year
Wages $28.15 $28.15 $28.15 $28.15 $28.15 $28.15
Benefits 2,500 2,500 2,500 2,500 2,500 2,500
Profit Sharing 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Annual Raise 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
Starting Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Ceiling Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Adjusted Labor Demands
Wages
Benefits
Profit Sharing
Annual Raise
Strike Days

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

TQM Budgets Last Year

Benchmarking $1,000 $750 $0 $0 $0 $1,000
Quality Function Deployment Effort $1,000 $750 $0 $0 $0 $1,000
CCE/6 Sigma Training $1,000 $750 $0 $0 $500 $1,000
GEMI TQEM Sustainability Initiatives $1,000 $0 $0 $0 $0 $1,000
Total Expenditures $10,000 $3,750 $0 $0 $1,000 $10,000

Cumulative Impacts
Material Cost Reduction 11.80% 0.28% 0.00% 5.03% 0.40% 11.80%
Labor Cost Reduction 14.00% 1.17% 0.00% 6.21% 0.60% 14.00%
Reduction R&D Cycle Time 40.01% 38.78% 0.00% 27.25% 0.96% 40.01%
Reduction Admin Costs 60.02% 44.30% 0.00% 43.11% 0.05% 60.02%
Demand Increase 14.40% 7.43% 0.00% 6.63% 0.12% 14.40%

CAPSTONE ® COURIER Page 12

 Round: 6
Ethics Report C129811 Dec. 31, 2027
ETHICS SUMMARY
Other (Fees, Writeoffs, etc.) The actual dollar impact. Example, $120 means Other increased by $120.
Demand Factor The % of normal. 98% means demand fell 2%.
Material Cost Impact The % of normal. 104% means matieral costs rose 4%.
Admin Cost Impact The % of normal. 103% means admin costs rose 3%.
Productivity Impact The % of normal. 104% means productivity increased by 4%.
Awareness Impact The % of normal. 105% means normal awareness was multiplied by 1.05.
Accessibility Impact The % of normal. 98% means normal accessiblity was multiplied by 0.98.
Normal means the value that would have been produced if the problem had not been presented.

No Impact Andrews Baldwin Chester Digby Erie Ferris

Total
Other (Fees, Writeoffs, etc.) $0 $0 $0 $0 $0 $0 $0
Demand Factor 100% 100% 100% 100% 100% 100% 100%
Material Cost Impact 100% 100% 100% 100% 100% 100% 100%
Admin Cost Impact 100% 100% 100% 100% 100% 100% 100%
Productivity Impact 100% 100% 100% 100% 100% 100% 100%
Awareness Impact 100% 100% 100% 100% 100% 100% 100%
Accessibility Impact 100% 100% 100% 100% 100% 100% 100%

CAPSTONE ® COURIER Page 13

 Annual Report
Round: 6
Annual Report Andrews C129811
Dec. 31, 2027
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2027 2026
assets for that year. Cash: Your end-of-year cash Common
position. Accounts Receivable: Reflects the lag between
Size
delivery and payment of your products. Inventories: The Cash $4,978 1.9% $0
current value of your inventory across all products. A zero
Account Receivable $14,531 5.6% $15,580
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $61,544 23.6% $36,397
Equipment: The current value of your plant. Accum Total Current Assets $81,053 31.1% $51,977
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $275,200 106.0% $233,212
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($96,017) -36.9% ($77,686)
of operations. It includes emergency loans used to keep Total Fixed Assets $179,183 68.9% $155,526
your company solvent should you run out of cash during Total Assets $260,235 100.0% $207,503
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value LIABILITIES & OWNERS
of your bonds. Common Stock: The amount of capital
EQUITY
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep Accounts Payable $9,871 3.8% $9,515
instead of paying to shareholders as dividends.
Current Debt $46,850 18.0% $17,479
Long Term Debt $124,422 47.8% $111,243
Total Liabilities $181,143 69.6% $138,237

Common Stock $71,384 27.4% $62,828

Retained Earnings $7,708 3.0% $6,438
Total Equity $79,092 30.4% $69,266
Total Liab. & O. Equity $260,235 100.0% $207,503

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2027 2026
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) $1,270 $2,663
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $18,347 $15,547
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs ($4) $0
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable $356 ($1,122)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory ($25,148) ($6,083)
the report would show the increase in inventory as a huge negative cash
Accounts Receivable $1,050 $1,225
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 ($4,129) $12,231
afloat. Cash Flows from Investing Activities
Plant Improvements ($41,999) ($15,580)
Cash Flows from Financing Activities
Dividends paid $0 $0
Sales of common stock $8,556 $2,000
Purchase of common stock $0 $0
Cash from long term debt $34,029 $0
Retirement of long term debt ($20,850) $0
Change in current debt(net) $29,371 ($1,421)
Net cash from financing activities $51,106 $579
Net change in cash position $4,978 ($2,770)
Closing cash position $4,978 $0

Annual Report Page 14

 Round: 6
Annual Report Andrews C129811
Dec. 31, 2027
2027 Income Statement
2027 Common
(Product Name) Acre Adam Aft Agape Ace
Total
Size
Sales $0 $52,347 $16,991 $38,478 $39,465 $29,511 $0 $0 $176,791 100.0%
Variable Costs:
Direct Labor $0 $4,641 $1,800 $9,777 $10,810 $6,639 $0 $0 $33,667 19.0%
Direct Material $0 $15,616 $6,084 $15,738 $13,589 $10,250 $0 $0 $61,278 34.7%
Inventory Carry $0 $683 $1,781 $1,888 $1,067 $1,967 $0 $0 $7,385 4.2%
Total Variable $0 $20,940 $9,665 $27,403 $25,466 $18,856 $0 $0 $102,330 57.9%
Contribution Margin $0 $31,407 $7,327 $11,074 $13,998 $10,655 $0 $0 $74,461 42.1%
Period Costs:
Depreciation $0 $6,747 $4,293 $2,267 $2,660 $2,380 $0 $0 $18,347 10.4%
SG&A: R&D $0 $0 $759 $508 $483 $480 $0 $0 $2,231 1.3%
Promotions $0 $1,400 $1,400 $1,500 $1,500 $1,400 $0 $0 $7,200 4.1%
Sales $0 $2,500 $2,500 $2,500 $2,500 $2,000 $0 $0 $12,000 6.8%
Admin $0 $444 $144 $327 $335 $251 $0 $0 $1,501 0.9%
Total Period $0 $11,091 $9,097 $7,101 $7,478 $6,511 $0 $0 $41,278 23.3%
Net Margin $0 $20,315 ($1,771) $3,973 $6,520 $4,144 $0 $0 $33,182 18.8%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $12,125 6.9%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $21,057 11.9%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $3,889 2.2%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $15,174 8.6%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $698 0.4%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $26 0.0%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $1,270 0.7%
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Annual Report Page 15