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

COOKIE SETTINGS
 TOP
Round 4
Dec. 31 2027 LOKESH
Report REDDY BHAVANAM

Andrews Baldwin Chester

LOKESH REDDY BHAVANAM

Digby

Selected Financial Statistics

Andrews Baldwin Chester Digby

ROS 11.6% 17.3% 4.3% 3.3%

Asset Turnover 1.25 1.47 0.76 0.77

ROA 14.6% 25.5% 3.3% 2.5%

Leverage (Assets/Equity) 1.5 1.7 2.5 2.2

ROE 21.1% 42.7% 8% 5.6%

Emergency Loan $12,009,549 $0 $0 $0

Sales $232,911,544 $236,480,536 $135,337,676 $171,371,006

EBIT $48,175,082 $70,442,120 $22,268,724 $24,035,891

Profits $27,037,246 $40,879,862 $5,822,819 $5,605,043

Cumulative Profit $51,307,169 $91,181,523 $4,393,949 $4,779,776

SG&A / Sales 7.8% 6.1% 11.5% 12.6%

Contrib. Margin % 36.3% 42.5% 43% 39.9%

Percent Of Sales $ Market Share

125%
Digby
22.1 %
Andrews
100% 30.0 %
Other
SGA
Depr
75% Var Costs
Profit

50%

Chester
17.4 %

25%

0% Baldwin
Andrews Baldwin Chester Digby 30.5 %

Market Share information is provided on Page 7.

COMP-XM® INQUIRER Page 1

COOKIE SETTINGS
 TOP
Round 4
Stocks & Bonds LOKESH REDDY BHAVANAM Dec. 31 2027

Stock Market Summary

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

Andrews $108.46 $35.73 2,054,512 $223 $62.30 $13.16 $1.00 0.9% 8.2

Baldwin $165.06 $58.82 1,825,496 $301 $52.48 $22.39 $15.97 9.7% 7.4

Chester $27.99 $9.40 3,242,944 $91 $22.37 $1.80 $2.50 8.9% 15.6

Digby $33.09 $7.62 3,330,161 $110 $30.10 $1.68 $0.00 0.0% 19.7

Closing Stock Price Andrews

Baldwin
$175
Chester
Digby
$150

$125

$100

$75

$50

$25

$0
2019 2020 2021 2022 2023 2024 2025 2026 2027

Bond Market Summary

Company Series# Face Yield Close$ S&P

Andrews

11.2S2035 $23,695,370 11.3% 99.49 AA

12.1S2036 $9,000,000 11.6% 104.38 AA

Baldwin

11.2S2033 $2,986,880 11.7% 95.91 BBB

12.0S2034 $1,376,019 12.1% 99.09 BBB

12.3S2035 $14,718,813 12.2% 100.49 BBB

12.6S2036 $8,068,743 12.3% 102.12 BBB

Chester

12.5S2031 $13,729,178 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 $31,102,783 14.1% 98.62 CC

Digby

12.4S2031 $1,179,581 12.9% 95.90 CCC

11.9S2033 $15,600,633 12.9% 92.57 CCC

13.1S2034 $17,795,619 13.5% 96.98 CCC

13.7S2035 $33,758,003 13.8% 99.53 CCC

13.8S2036 $19,145,621 13.8% 100.00 CCC

Next Year's Prime Rate 9%

COMP-XM® INQUIRER Page 2

COOKIE SETTINGS
 TOP
Round 4
Financial Summary LOKESH REDDY BHAVANAM Dec. 31 2027

Cash Flow Statement Survey

Andrews Baldwin Chester Digby
Cash flows from operating activities
Net Income (Loss) $27,037 $40,880 $5,823 $5,605
Adjustment for non-cash items:
Depreciation $15,351 $9,484 $15,487 $17,509
Extraordinary gains/losses/writeoffs ($783) ($278) ($766) ($1,038)
Changes in current assets and liabilities:
Accounts payable $744 ($31) ($1,639) ($1,019)
Inventory ($14,396) $1,895 $6,824 $5,743
Accounts receivable ($1,009) ($2,623) ($971) ($1,404)
Net cash from operations $26,943 $49,327 $24,757 $25,396

Cash flows from investing activities

Plant improvements (net) $5,070 $0 $0 $0
Cash flows from financing activities
Dividends paid ($2,055) ($29,161) ($8,097) $0
Sales of common stock $0 $0 $0 $2,310
Purchase of common stock ($7,500) ($3,703) $0 $0
Cash from long term debt issued $0 $0 $0 $0
Early retirement of long term debt ($30,000) ($4,913) ($8,050) ($12,248)
Retirement of current debt ($4,468) ($20,180) ($27,968) ($25,099)
Cash from current debt borrowing $0 $26,725 $22,907 $28,405
Cash from emergency loan $12,010 $0 $0 $0

Net cash from financing activities ($32,013) ($31,231) ($21,208) ($6,631)

Net change in cash position $0 $18,096 $3,548 $18,765

Balance Sheet Survey

Andrews Baldwin Chester Digby
Cash $0 $46,342 $34,940 $38,318
Accounts Receivable $19,143 $19,437 $11,124 $14,085
Inventory $33,127 $20,125 $8,188 $14,131
Total Current Assets $52,271 $85,904 $54,252 $66,534

Plant and equipment $230,272 $142,260 $232,300 $262,640

Accumulated Depreciation ($96,777) ($67,659) ($108,722) ($105,218)
Total Fixed Assets $133,495 $74,601 $123,578 $157,422

Total Assets $185,766 $160,506 $177,829 $223,956

Accounts Payable $13,058 $10,830 $5,702 $7,847

Current Debt $12,010 $26,725 $22,907 $28,405
Total Current Liabilities $25,068 $37,555 $28,609 $36,252

Long Term Debt $32,695 $27,150 $76,679 $87,479

Total Liabilities $57,763 $64,706 $105,287 $123,732

Common Stock $28,352 $8,479 $46,214 $56,658

Retained Earnings $99,650 $87,321 $26,328 $43,566
Total Equity $128,003 $95,800 $72,542 $100,224

Total Liabilities & Owner's Equity $185,766 $160,506 $177,829 $223,956

Income Statement Survey

Andrews Baldwin Chester Digby
Sales $232,912 $236,481 $135,338 $171,371
Variable Costs (Labor, Material, Carry) $148,455 $136,075 $77,178 $102,915
Contribution Margin $84,457 $100,406 $58,160 $68,456
Depreciation $15,351 $9,484 $15,487 $17,509
SGA (R&D, Promo, Sales, Admin) $18,151 $14,377 $15,550 $21,650
Other (Fees, Writeoffs, TQM, Bonuses $2,779 $6,102 $4,854 $5,261
EBIT $48,175 $70,442 $22,269 $24,036
Interest (Short term, Long term) $5,730 $6,267 $13,128 $15,237
Taxes $14,856 $22,461 $3,199 $3,080
Profit Sharing $552 $834 $119 $114
Net Profit $27,037 $40,880 $5,823 $5,605

COMP-XM® INQUIRER Page 3

COOKIE SETTINGS
 TOP
Round 4
Production Analysis LOKESH REDDY BHAVANAM Dec. 31 2027

Production Capacity

Andrews

Baldwin

Chester

Digby

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000

Capacity Production

Andrews Baldwin Chester Digby

Units Produced 9,605 6,684 6,535 7,426

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.

Ark Core 2,396 401 7/9/2027 1.9 20000 10.7 9.3 $22.00 $9.41 $3.45 41% 56% 9.0 1,800 154%

Ant Nano 1,690 291 3/31/2027 1.5 24000 12.9 4.3 $37.00 $13.11 $10.47 34% 63% 5.0 1,228 161%

Ace Elite 1,467 599 4/20/2027 2.1 26000 15.3 7.5 $37.50 $13.38 $9.86 34% 32% 5.0 1,214 131%

Awe Thrift 1,742 829 6/27/2027 3.0 17000 8.0 12.4 $15.50 $6.56 $1.69 42% 44% 10.0 1,530 142%

ArkNe Core 1,229 0 2/16/2027 1.7 20000 11.1 9.1 $29.00 $9.62 $9.99 31% 38% 5.0 800 136%

Bit Nano 1,886 270 9/13/2027 1.3 23000 13.8 3.8 $34.00 $13.04 $6.63 42% 100% 7.0 1,050 198%

Bolt Elite 1,659 0 8/21/2027 1.6 25000 16.9 6.3 $34.00 $13.82 $6.63 40% 100% 7.0 750 198%

Buzz Nano 1,389 365 8/13/2027 1.4 23000 14.2 3.5 $37.00 $13.28 $6.05 45% 38% 7.0 1,050 137%

Brat Elite 1,745 377 8/21/2027 1.3 25000 16.7 6.0 $37.00 $13.83 $6.10 44% 42% 7.0 1,200 140%

City Thrift 1,757 172 6/10/2027 2.6 17000 8.3 11.8 $15.00 $6.69 $1.38 45% 20% 10.0 1,500 119%

Cozy Thrift 1,773 173 6/10/2027 2.6 17000 8.5 11.6 $15.00 $6.82 $1.28 44% 0% 10.0 1,650 99%

Creak Core 1,743 188 12/14/2027 1.6 18000 11.0 8.4 $23.00 $9.03 $4.46 40% 52% 8.0 1,050 151%

Crimp Core 1,691 202 12/14/2027 1.6 20000 11.7 8.9 $25.00 $9.64 $4.18 44% 24% 8.0 1,250 123%

Dino Thrift 1,197 101 12/20/2026 3.2 14000 8.0 12.1 $15.00 $5.93 $1.23 50% 0% 10.0 1,250 79%

Dome Thrift 1,351 158 12/6/2024 4.1 16000 8.9 11.2 $17.00 $7.14 $1.23 43% 0% 10.0 1,500 76%

Dug Nano 1,349 228 12/21/2027 1.0 18000 13.1 4.0 $28.00 $11.83 $5.71 36% 50% 7.0 900 149%

Drat Elite 1,102 264 12/21/2027 1.0 20000 16.5 6.8 $34.00 $12.62 $5.46 45% 29% 7.0 850 128%

Daze Core 1,325 124 12/14/2027 1.0 16000 10.9 9.0 $19.00 $8.63 $4.10 33% 30% 8.0 1,040 129%

Dell Core 1,502 119 12/14/2027 1.0 16000 10.6 9.4 $20.00 $8.38 $4.27 37% 49% 8.0 1,040 148%

COMP-XM® INQUIRER Page 4

COOKIE SETTINGS
 TOP
Thrift Market Segment Round 4
Analysis LOKESH REDDY BHAVANAM 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 8.0 Size 12.1 15%

4. Age Ideal Age = 3.0 10%

Digby

0% 20% 40% 60% 80% 100% 120%

Perceptual Map For Thrift Actual vs Potential Market Share Thrift

20 50%

18

16 40%

14
Awe
Dino
City
Cozy 30%
12 Dome
Size

10 Dell
Ark
ArkNe
Daze
Creak
20%
8

6
10%
4

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

Top Products in 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

Awe 22% 1,732 6/27/2027 8.0 12.4 $15.50 17000 3.04 $1,400 100% $2,000 96% 72

City 22% 1,695 6/10/2027 8.3 11.8 $15.00 17000 2.65 $1,300 83% $1,600 83% 69

Cozy 22% 1,678 6/10/2027 8.5 11.6 $15.00 17000 2.6 $1,300 83% $1,600 83% 67

Dino 15% 1,160 12/20/2026 8.0 12.1 $15.00 14000 3.25 $1,200 72% $1,000 78% 46

Dome 12% 893 12/6/2024 8.9 11.2 $17.00 16000 4.11 $1,200 72% $1,000 78% 36

Ark 4% 280 7/9/2027 10.7 9.3 $22.00 20000 1.9 $1,400 100% $2,000 96% 2

Dell 3% 204 12/14/2027 10.6 9.4 $20.00 16000 0.96 $1,200 62% $900 78% 2

Daze 1% 95 12/14/2027 10.9 9.0 $19.00 16000 0.96 $1,200 67% $900 78% 0

ArkNe 0% 6 2/16/2027 YES 11.1 9.1 $29.00 20000 1.7 $2,000 100% $0 96% 0

Creak 0% 3 12/14/2027 11.0 8.4 $23.00 18000 1.56 $1,300 83% $1,400 83% 0

COMP-XM® INQUIRER Page 5

COOKIE SETTINGS
 TOP
Round 4
Core Market Segment Analysis LOKESH REDDY BHAVANAM 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 11.3 Size 8.8 16%

Digby

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

Perceptual Map For Core Actual vs Potential Market Share Core

20 40%

18

16
30%
14
Awe
Dino
City
Cozy
12 Dome
20%
Size

10 Dell
Ark
ArkNe
Daze
Crimp
Creak
8 Ace

6 10%

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

Top Products in Core Segment

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

Ark 22% 2,116 7/9/2027 10.7 9.3 $22.00 20000 1.9 $1,400 100% $2,000 86% 67

Creak 18% 1,736 12/14/2027 11.0 8.4 $23.00 18000 1.56 $1,300 83% $1,400 81% 53

Crimp 17% 1,682 12/14/2027 11.7 8.9 $25.00 20000 1.57 $1,300 83% $1,400 81% 52

Dell 13% 1,297 12/14/2027 10.6 9.4 $20.00 16000 0.96 $1,200 62% $900 73% 39

Daze 13% 1,230 12/14/2027 10.9 9.0 $19.00 16000 0.96 $1,200 67% $900 73% 37

ArkNe 11% 1,056 2/16/2027 YES 11.1 9.1 $29.00 20000 1.7 $2,000 100% $0 86% 34

Dome 5% 458 12/6/2024 8.9 11.2 $17.00 16000 4.11 $1,200 72% $1,000 73% 10

Cozy 1% 95 6/10/2027 8.5 11.6 $15.00 17000 2.6 $1,300 83% $1,600 81% 3

City 1% 62 6/10/2027 8.3 11.8 $15.00 17000 2.65 $1,300 83% $1,600 81% 2

Dino 0% 37 12/20/2026 8.0 12.1 $15.00 14000 3.25 $1,200 72% $1,000 73% 0

Awe 0% 10 6/27/2027 8.0 12.4 $15.50 17000 3.04 $1,400 100% $2,000 86% 0

Ace 0% 3 4/20/2027 15.3 7.5 $37.50 26000 2.08 $1,400 100% $2,000 86% 0

COMP-XM® INQUIRER Page 6

COOKIE SETTINGS
 TOP
Round 4
Nano Market Segment Analysis LOKESH REDDY BHAVANAM 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 13.2 Size 3.7 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 ArkNe
Crimp
Creak
8 Ace
20%
Brat
6
Ant
Dug
Bit
Buzz 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

Ant 27% 1,690 3/31/2027 12.9 4.3 $37.00 24000 1.47 $1,400 100% $2,000 87% 60

Bit 27% 1,678 9/13/2027 13.8 3.8 $34.00 23000 1.27 $1,400 92% $1,100 80% 66

Buzz 22% 1,332 8/13/2027 14.2 3.5 $37.00 23000 1.36 $1,400 92% $1,000 80% 51

Dug 22% 1,330 12/21/2027 13.1 4.0 $28.00 18000 1.02 $1,200 73% $2,400 74% 56

ArkNe 1% 70 2/16/2027 YES 11.1 9.1 $29.00 20000 1.7 $2,000 100% $0 87% 0

Ace 1% 43 4/20/2027 15.3 7.5 $37.50 26000 2.08 $1,400 100% $2,000 87% 1

Brat 0% 15 8/21/2027 16.7 6.0 $37.00 25000 1.35 $1,400 91% $1,000 80% 0

Creak 0% 4 12/14/2027 11.0 8.4 $23.00 18000 1.56 $1,300 83% $1,400 12% 0

Crimp 0% 3 12/14/2027 11.7 8.9 $25.00 20000 1.57 $1,300 83% $1,400 12% 0

COMP-XM® INQUIRER Page 7

COOKIE SETTINGS
 TOP
Round 4
Elite Market Segment Analysis LOKESH REDDY BHAVANAM 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 16.4 Size 6.9 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 ArkNe
Crimp

8 Ace
Drat
Bolt
Brat
6 20%
Dug
Bit
4 Buzz

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

Brat 27% 1,729 8/21/2027 16.7 6.0 $37.00 25000 1.35 $1,400 91% $1,000 87% 50

Bolt 26% 1,659 8/21/2027 YES 16.9 6.3 $34.00 25000 1.63 $1,400 92% $1,000 87% 54

Ace 23% 1,422 4/20/2027 15.3 7.5 $37.50 26000 2.08 $1,400 100% $2,000 82% 37

Drat 18% 1,102 12/21/2027 16.5 6.8 $34.00 20000 1.03 $1,200 72% $2,400 74% 37

Bit 3% 208 9/13/2027 13.8 3.8 $34.00 23000 1.27 $1,400 92% $1,100 87% 0

ArkNe 2% 96 2/16/2027 YES 11.1 9.1 $29.00 20000 1.7 $2,000 100% $0 82% 0

Buzz 1% 57 8/13/2027 14.2 3.5 $37.00 23000 1.36 $1,400 92% $1,000 87% 0

Dug 0% 19 12/21/2027 13.1 4.0 $28.00 18000 1.02 $1,200 73% $2,400 74% 0

Crimp 0% 7 12/14/2027 11.7 8.9 $25.00 20000 1.57 $1,300 83% $1,400 5% 0

COMP-XM® INQUIRER Page 8

COOKIE SETTINGS
 TOP
Round 4
Market Share Report LOKESH REDDY BHAVANAM Dec. 31 2027

Units Sold vs Demand Market Share

11,000 70%

10,000
60%
9,000

8,000 50%
7,000
40%
6,000

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 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%

Ark 3.6% 21.6% 8.0% Ark 3.6% 21.6% 8.0%

Ant 27.4% 5.6% Ant 27.4% 5.6%

Ace 0.7% 22.6% 4.9% Ace 0.7% 22.0% 4.8%

Awe 22.4% 0.1% 5.8% Awe 22.4% 0.1% 5.8%

ArkNe 0.1% 10.8% 1.1% 1.5% 4.1% ArkNe 0.1% 10.9% 1.1% 1.5% 4.1%

Total 26.1% 32.6% 29.3% 24.1% 28.4% Total 26.1% 32.6% 29.3% 23.6% 28.3%

Bit 27.2% 3.3% 6.3% Bit 27.2% 3.3% 6.3%

Bolt 26.3% 5.5% Bolt 28.0% 5.9%

Buzz 21.6% 0.9% 4.6% Buzz 21.6% 0.9% 4.6%

Brat 0.3% 27.5% 5.8% Brat 0.3% 26.8% 5.7%

Total 49.1% 58.0% 22.3% Total 49.1% 58.9% 22.5%

City 21.9% 0.6% 5.9% City 21.9% 0.6% 5.9%

Cozy 21.7% 1.0% 5.9% Cozy 21.7% 1.0% 5.9%

Creak 17.8% 0.1% 5.8% Creak 17.7% 0.1% 5.8%

Crimp 17.2% 0.1% 5.6% Crimp 17.2% 0.1% 5.6%

Total 43.6% 36.6% 0.1% 0.1% 23.2% Total 43.6% 36.5% 0.1% 0.1% 23.2%

Dino 15.0% 0.4% 4.0% Dino 15.0% 0.4% 4.0%

Dome 11.5% 4.7% 4.5% Dome 11.5% 4.7% 4.5%

Dug 21.6% 0.3% 4.5% Dug 21.6% 0.3% 4.5%

Drat 17.5% 3.7% Drat 17.1% 3.6%

Daze 1.2% 12.6% 4.4% Daze 1.2% 12.6% 4.4%

Dell 2.6% 13.3% 5.0% Dell 2.6% 13.2% 5.0%

Total 30.4% 30.9% 21.6% 17.8% 26.1% Total 30.4% 30.9% 21.6% 17.4% 26.0%

COMP-XM® INQUIRER Page 9

COOKIE SETTINGS
 TOP
Round 4
Perceptual Map LOKESH REDDY BHAVANAM Dec. 31 2027

20

18

16

14

Awe
Dino
City
Cozy
12 Dome

Size 10 Dell
Ark
ArkNe
Daze
Crimp
Creak
8 Ace
Drat
Bolt
Brat
6

Ant
Dug Bit
4 Buzz

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

Ark 10.7 9.3 7/9/2027 Bit 13.8 3.8 9/13/2027 City 8.3 11.8 6/10/2027

Ant 12.9 4.3 3/31/2027 Bolt 16.9 6.3 8/21/2027 Cozy 8.5 11.6 6/10/2027

Ace 15.3 7.5 4/20/2027 Buzz 14.2 3.5 8/13/2027 Creak 11.0 8.4 12/14/2027

Awe 8.0 12.4 6/27/2027 Brat 16.7 6.0 8/21/2027 Crimp 11.7 8.9 12/14/2027

ArkNe 11.1 9.1 2/16/2027

Digby

Name Pfmn Size Revised

Dino 8.0 12.1 12/20/2026

Dome 8.9 11.2 12/6/2024

Dug 13.1 4.0 12/21/2027

Drat 16.5 6.8 12/21/2027

Daze 10.9 9.0 12/14/2027

Dell 10.6 9.4 12/14/2027

COMP-XM® INQUIRER Page 10

COOKIE SETTINGS
 TOP
Round 4
HR/TQM Report LOKESH REDDY BHAVANAM Dec. 31 2027
Human Resources Summary

Andrews Baldwin Chester Digby

Needed Complement 820 558 259 408

Complement 820 558 259 408

1st Shift Complement 560 335 202 304

2nd Shift Complement 260 223 57 104

Overtime % 0.0% 0.0% 0.0% 0.0%

Turnover Rate 10.0% 10.0% 8.0% 6.1%

New Employees 126 56 21 25

Separated Employees 0 69 126 133

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

Training Hours 0 0 40 80

Productivity Index 100.0% 100.0% 118.8% 130.4%

Recruiting Cost $126 $56 $72 $148

Separation Cost $0 $344 $630 $667

Training Cost $0 $0 $208 $653

Total HR Admin Cost $126 $400 $910 $1,469

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 $0 $1,250 $1,500

Vendor/JIT $1,500 $0 $1,250 $1,500

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

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

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

UNEP Green Programs $0 $0 $0 $1,500

TQM Budgets Last Year

Benchmarking $0 $0 $0 $1,500

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

CCE/6 Sigma Training $1,500 $1,250 $750 $0

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

Total Expenditures $3,000 $6,250 $5,500 $6,000

Cumulative Impacts

Material Cost Reduction 7.73% 9.48% 10.20% 6.07%

Labor Cost Reduction 5.22% 14.00% 4.39% 0.28%

Reduction R&D Cycle Time 2.81% 40.01% 0.00% 0.00%

Reduction Admin Costs 55.78% 0.00% 34.91% 60.02%

Demand Increase 0.62% 12.78% 10.57% 2.35%

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
Common Size
size column simply represents each item as a
percentage of total assets for that year. Cash: Your Cash $0 0% $0

end-of-year cash position. Accounts Accounts Receivable $19,143 10.3% $18,134

Receivable: Reflects the lag between delivery and
Inventory $33,127 17.8% $18,731
payment of your products. Inventories: The
current value of your inventory across all products. A Total Current Assets $52,270 28.1% $36,865

zero indicates your company stocked out. Unmet Plant & Equipment $230,272 124% $238,072
demand would, of course, fall to your competitors.
Accumulated Depreciation ($96,777) -52.1% ($83,725)
Plant & Equipment: The current value of your
plant. Accum Deprec: The total accumulated Total Fixed Assets $133,495 71.9% $154,347

depreciation from your plant. Accts Payable: Total assets $185,766 100% $191,212
What the company currently owes suppliers for
LIABILITIES & OWNERS' EQUITY
materials and services. Current Debt: The debt
the company is obligated to pay during the next year Accounts Payable $13,058 7% $12,315
of operations. It includes emergency loans used to
Current Debt $12,010 6.5% $4,468
keep your company solvent should you run out of
Long Term Debt $32,695 17.6% $63,909
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Total Liabilities $57,763 31.1% $80,692
this represents the total value of your bonds.
Common Stock $28,352 15.3% $30,417
Common Stock: The amount of capital invested
by shareholders in the company. Retained Retained Earnings $99,650 53.6% $80,104

Earnings: The profits that the company chose to Total Equity $128,002 68.9% $110,521
keep instead of paying to shareholders as dividends.
Total Liab. & O. Equity $185,766 100% $191,212

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
The Cash Flow Statement examines what happened in the Cash
Net income (Loss) $27,037 $19,125
Account during the year. Cash injections appear as positive numbers and
cash withdrawals as negative numbers. The Cash Flow Statement is an Depreciation $15,351 $15,871

excellent tool for diagnosing emergency loans. When negative cash flows Extraordinary gain/losses/writeoffs ($783) $0
exceed positives, you are forced to seek emergency funding. For example,
Accounts Payable $744 $1,800
if sales are bad and you find yourself carrying an abundance of excess
inventory, the report would show the increase in inventory as a huge Inventory ($14,396) ($11,386)

negative cash flow. Too much unexpected inventory could outstrip your Accounts Receivable ($1,009) ($2,068)
inflows, exhaust your starting cash and force you to beg for money to
Net cash from operations $26,943 $23,342
keep your company afloat.
Cash Flows from Investing Activities:

Plant Improvements $5,070 ($33,400)

Cash Flow Summary Andrews
Cash Flows from Financing Activities:
40k
Dividends paid ($2,055) $0

Sales of Common Stock $0 $0

20k Purchase of Common Stock ($7,500) ($5,000)

Cash from long term debt $0 $9,000

Retirement of long term debt ($30,000) $0

0 Change in current debt (net) $7,541 ($6,832)

Net cash from financing activities ($32,013) ($2,832)

Net change in cash position $0 ($12,889)

-20k Closing cash position $0 $0

-40k

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 Ark Ant Ace Awe ArkNe NA NA NA Total Common Size

Sales $52,710 $62,547 $55,016 $27,005 $35,633 $0 $0 $0 $232,912 100%

Variable Costs:

Direct Labor $8,266 $17,702 $14,530 $3,201 $12,387 $0 $0 $0 $56,086 24.1%

Direct Material $22,241 $22,631 $19,865 $11,589 $12,066 $0 $0 $0 $88,393 38%

Inventory Carry $613 $832 $1,686 $844 $0 $0 $0 $0 $3,975 1.7%

Total Variable $31,120 $41,165 $36,082 $15,635 $24,453 $0 $0 $0 $148,455 63.7%

Contribution Margin $21,590 $21,382 $18,934 $11,371 $11,180 $0 $0 $0 $84,457 36.3%

Period Costs:

Depreciation $5,040 $2,129 $2,104 $4,692 $1,387 $0 $0 $0 $15,351 6.6%

R&D $527 $248 $304 $494 $130 $0 $0 $0 $1,704 0.7%

Promotions $1,400 $1,400 $1,400 $1,400 $2,000 $0 $0 $0 $7,600 3.3%

Sales $2,000 $2,000 $2,000 $2,000 $0 $0 $0 $0 $8,000 3.4%

Admin $192 $227 $200 $98 $130 $0 $0 $0 $847 0.4%

Total Period $9,159 $6,004 $6,009 $8,684 $3,646 $0 $0 $0 $33,502 14.4%

Net Margin $12,431 $15,378 $12,926 $2,687 $7,533 $0 $0 $0 $50,954 21.9%

Other $2,779 1.2%

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 EBIT $48,175 20.7%

goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of Short Term Interest $1,988 0.9%
plant value. R&D Costs: R&D department expenditures for each product. Admin:
Long Term Interest $3,743 1.6%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
budget for each product. Sales: The sales force budget for each product. Other: Taxes $14,856 6.4%
Charges not included in other categories such as Fees, Write Offs, and TQM. The fees Profit Sharing $552 0.2%
include money paid to investment bankers and brokerage firms to issue new stocks or
Net Profit $27,037 11.6%
bonds plus 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 production line. If the amount appears as a negative amount, then you actually made Variables Margins
money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and
50%
Taxes. Short Term Interest: Interest expense based on last year's 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
40%
upon a 35% 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%

Ark Ant Ace Awe ArkNe

NA NA NA

COOKIE SETTINGS
 Profit History Market Share History
$30,000 40%

30%

$20,000

20%

$10,000

10%

$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
Common Size
size column simply represents each item as a
percentage of total assets for that year. Cash: Your Cash $46,342 28.9% $28,246

end-of-year cash position. Accounts Accounts Receivable $19,437 12.1% $16,814

Receivable: Reflects the lag between delivery and
Inventory $20,125 12.5% $22,020
payment of your products. Inventories: The
current value of your inventory across all products. A Total Current Assets $85,904 53.5% $67,080

zero indicates your company stocked out. Unmet Plant & Equipment $142,260 88.6% $142,260
demand would, of course, fall to your competitors.
Accumulated Depreciation ($67,659) -42.2% ($58,175)
Plant & Equipment: The current value of your
plant. Accum Deprec: The total accumulated Total Fixed Assets $74,601 46.5% $84,085

depreciation from your plant. Accts Payable: Total assets $160,506 100% $151,166
What the company currently owes suppliers for
LIABILITIES & OWNERS' EQUITY
materials and services. Current Debt: The debt
the company is obligated to pay during the next year Accounts Payable $10,830 6.7% $10,861
of operations. It includes emergency loans used to
Current Debt $26,725 16.7% $20,180
keep your company solvent should you run out of
Long Term Debt $27,150 16.9% $32,341
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Total Liabilities $64,705 40.3% $63,382
this represents the total value of your bonds.
Common Stock $8,479 5.3% $8,852
Common Stock: The amount of capital invested
by shareholders in the company. Retained Retained Earnings $87,321 54.4% $78,932

Earnings: The profits that the company chose to Total Equity $95,800 59.7% $87,784
keep instead of paying to shareholders as dividends.
Total Liab. & O. Equity $160,506 100% $151,166

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
The Cash Flow Statement examines what happened in the Cash
Net income (Loss) $40,880 $26,349
Account during the year. Cash injections appear as positive numbers and
cash withdrawals as negative numbers. The Cash Flow Statement is an Depreciation $9,484 $9,484

excellent tool for diagnosing emergency loans. When negative cash flows Extraordinary gain/losses/writeoffs ($278) $0
exceed positives, you are forced to seek emergency funding. For example,
Accounts Payable ($31) $2,571
if sales are bad and you find yourself carrying an abundance of excess
inventory, the report would show the increase in inventory as a huge Inventory $1,895 ($7,277)

negative cash flow. Too much unexpected inventory could outstrip your Accounts Receivable ($2,623) ($3,834)
inflows, exhaust your starting cash and force you to beg for money to
Net cash from operations $49,327 $27,294
keep your company afloat.
Cash Flows from Investing Activities:

Plant Improvements $0 ($31,200)

Cash Flow Summary Baldwin
Cash Flows from Financing Activities:
60k
Dividends paid ($29,161) ($2,051)

Sales of Common Stock $0 $0

40k
Purchase of Common Stock ($3,703) ($1,804)

Cash from long term debt $0 $8,069

20k Retirement of long term debt ($4,913) $0

Change in current debt (net) $6,546 ($7,741)

0 Net cash from financing activities ($31,231) ($3,528)

Net change in cash position $18,096 ($7,434)

Closing cash position $46,342 $28,246

-20k

-40k

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 Bit Bolt Buzz Brat Na Na Na Na Total Common Size

Sales $64,137 $56,399 $51,388 $64,556 $0 $0 $0 $0 $236,481 100%

Variable Costs:

Direct Labor $12,591 $11,079 $8,743 $11,222 $0 $0 $0 $0 $43,635 18.5%

Direct Material $24,239 $22,915 $18,581 $24,291 $0 $0 $0 $0 $90,026 38.1%

Inventory Carry $632 $0 $862 $921 $0 $0 $0 $0 $2,415 1%

Total Variable $37,462 $33,994 $28,187 $36,433 $0 $0 $0 $0 $136,075 57.5%

Contribution Margin $26,676 $22,405 $23,201 $28,123 $0 $0 $0 $0 $100,405 42.5%

Period Costs:

Depreciation $2,684 $1,700 $2,380 $2,720 $0 $0 $0 $0 $9,484 4%

R&D $710 $645 $623 $645 $0 $0 $0 $0 $2,622 1.1%

Promotions $1,400 $1,400 $1,400 $1,400 $0 $0 $0 $0 $5,600 2.4%

Sales $1,100 $1,000 $1,000 $1,000 $0 $0 $0 $0 $4,100 1.7%

Admin $557 $490 $447 $561 $0 $0 $0 $0 $2,055 0.9%

Total Period $6,451 $5,235 $5,850 $6,326 $0 $0 $0 $0 $23,861 10.1%

Net Margin $20,225 $17,170 $17,352 $21,797 $0 $0 $0 $0 $76,544 32.4%

Other $6,102 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 EBIT $70,442 29.8%

goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of Short Term Interest $2,940 1.2%
plant value. R&D Costs: R&D department expenditures for each product. Admin:
Long Term Interest $3,327 1.4%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
budget for each product. Sales: The sales force budget for each product. Other: Taxes $22,461 9.5%
Charges not included in other categories such as Fees, Write Offs, and TQM. The fees Profit Sharing $834 0.4%
include money paid to investment bankers and brokerage firms to issue new stocks or
Net Profit $40,880 17.3%
bonds plus 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 production line. If the amount appears as a negative amount, then you actually made Variables Margins
money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and
50%
Taxes. Short Term Interest: Interest expense based on last year's 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
40%
upon a 35% 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%

Bit Bolt Buzz Brat NA NA

NA NA

COOKIE SETTINGS
 Profit History Market Share History
$50,000 40%

$40,000
30%

$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 Chester C59559 Dec. 31 2027

Balance Sheet
ASSETS 2027 2026
DEFINITIONS: Common Size: The common
Common Size
size column simply represents each item as a
percentage of total assets for that year. Cash: Your Cash $34,940 19.6% $31,392

end-of-year cash position. Accounts Accounts Receivable $11,124 6.3% $10,153

Receivable: Reflects the lag between delivery and
Inventory $8,188 4.6% $15,012
payment of your products. Inventories: The
current value of your inventory across all products. A Total Current Assets $54,252 30.5% $56,557

zero indicates your company stocked out. Unmet Plant & Equipment $232,300 130.6% $232,300
demand would, of course, fall to your competitors.
Accumulated Depreciation ($108,722) -61.1% ($93,236)
Plant & Equipment: The current value of your
plant. Accum Deprec: The total accumulated Total Fixed Assets $123,578 69.5% $139,064

depreciation from your plant. Accts Payable: Total assets $177,829 100% $195,620
What the company currently owes suppliers for
LIABILITIES & OWNERS' EQUITY
materials and services. Current Debt: The debt
the company is obligated to pay during the next year Accounts Payable $5,702 3.2% $7,341
of operations. It includes emergency loans used to
Current Debt $22,907 12.9% $27,968
keep your company solvent should you run out of
Long Term Debt $76,679 43.1% $85,495
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Total Liabilities $105,288 59.2% $120,804
this represents the total value of your bonds.
Common Stock $46,214 26% $46,214
Common Stock: The amount of capital invested
by shareholders in the company. Retained Retained Earnings $26,328 14.8% $28,602

Earnings: The profits that the company chose to Total Equity $72,542 40.8% $74,816
keep instead of paying to shareholders as dividends.
Total Liab. & O. Equity $177,829 100% $195,620

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
The Cash Flow Statement examines what happened in the Cash
Net income (Loss) $5,823 ($2,524)
Account during the year. Cash injections appear as positive numbers and
cash withdrawals as negative numbers. The Cash Flow Statement is an Depreciation $15,487 $15,487

excellent tool for diagnosing emergency loans. When negative cash flows Extraordinary gain/losses/writeoffs ($766) ($251)
exceed positives, you are forced to seek emergency funding. For example,
Accounts Payable ($1,639) $244
if sales are bad and you find yourself carrying an abundance of excess
inventory, the report would show the increase in inventory as a huge Inventory $6,824 ($12,819)

negative cash flow. Too much unexpected inventory could outstrip your Accounts Receivable ($971) $1,694
inflows, exhaust your starting cash and force you to beg for money to
Net cash from operations $24,757 $1,831
keep your company afloat.
Cash Flows from Investing Activities:

Plant Improvements $0 ($12,600)

Cash Flow Summary Chester
Cash Flows from Financing Activities:
30k
Dividends paid ($8,097) $0

Sales of Common Stock $0 $7,362

20k
Purchase of Common Stock $0 $0

10k Cash from long term debt $0 $0

Retirement of long term debt ($8,050) ($2,286)

0 Change in current debt (net) ($5,061) ($13,165)

Net cash from financing activities ($21,208) ($8,089)

-10k Net change in cash position $3,548 ($18,858)

Closing cash position $34,940 $31,392

-20k

-30k

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 City Cozy Creak Crimp Na Na Na Na Total Common Size

Sales $26,353 $26,599 $40,099 $42,286 $0 $0 $0 $0 $135,338 100%

Variable Costs:

Direct Labor $2,616 $2,714 $7,778 $7,134 $0 $0 $0 $0 $20,242 15%

Direct Material $11,648 $12,077 $15,821 $16,407 $0 $0 $0 $0 $55,953 41.3%

Inventory Carry $168 $173 $305 $337 $0 $0 $0 $0 $983 0.7%

Total Variable $14,432 $14,964 $23,904 $23,878 $0 $0 $0 $0 $77,178 57%

Contribution Margin $11,921 $11,636 $16,195 $18,408 $0 $0 $0 $0 $58,160 43%

Period Costs:

Depreciation $4,600 $5,060 $2,660 $3,167 $0 $0 $0 $0 $15,487 11.4%

R&D $446 $446 $966 $966 $0 $0 $0 $0 $2,824 2.1%

Promotions $1,300 $1,300 $1,300 $1,300 $0 $0 $0 $0 $5,200 3.8%

Sales $1,600 $1,600 $1,400 $1,400 $0 $0 $0 $0 $6,000 4.4%

Admin $297 $300 $452 $477 $0 $0 $0 $0 $1,526 1.1%

Total Period $8,243 $8,706 $6,778 $7,310 $0 $0 $0 $0 $31,037 22.9%

Net Margin $3,678 $2,930 $9,416 $11,099 $0 $0 $0 $0 $27,123 20%

Other $4,854 3.6%

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 EBIT $22,269 16.5%

goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of Short Term Interest $2,978 2.2%
plant value. R&D Costs: R&D department expenditures for each product. Admin:
Long Term Interest $10,150 7.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
budget for each product. Sales: The sales force budget for each product. Other: Taxes $3,199 2.4%

Charges not included in other categories such as Fees, Write Offs, and TQM. The fees Profit Sharing $119 0.1%
include money paid to investment bankers and brokerage firms to issue new stocks or
Net Profit $5,823 4.3%
bonds plus 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 production line. If the amount appears as a negative amount, then you actually made Variables Margins
money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and
50%
Taxes. Short Term Interest: Interest expense based on last year's 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
40%
upon a 35% 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%

City Cozy Creak Crimp 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
 PRINT

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

Balance Sheet
ASSETS 2027 2026
DEFINITIONS: Common Size: The common
Common Size
size column simply represents each item as a
percentage of total assets for that year. Cash: Your Cash $38,318 17.1% $19,554

end-of-year cash position. Accounts Accounts Receivable $14,085 6.3% $12,681

Receivable: Reflects the lag between delivery and
Inventory $14,131 6.3% $19,873
payment of your products. Inventories: The
current value of your inventory across all products. A Total Current Assets $66,534 29.7% $52,108

zero indicates your company stocked out. Unmet Plant & Equipment $262,640 117.3% $262,640
demand would, of course, fall to your competitors.
Accumulated Depreciation ($105,218) -47% ($87,709)
Plant & Equipment: The current value of your
plant. Accum Deprec: The total accumulated Total Fixed Assets $157,422 70.3% $174,931

depreciation from your plant. Accts Payable: Total assets $223,956 100% $227,039
What the company currently owes suppliers for
LIABILITIES & OWNERS' EQUITY
materials and services. Current Debt: The debt
the company is obligated to pay during the next year Accounts Payable $7,847 3.5% $8,866
of operations. It includes emergency loans used to
Current Debt $28,405 12.7% $25,099
keep your company solvent should you run out of
Long Term Debt $87,479 39.1% $100,765
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Total Liabilities $123,731 55.2% $134,730
this represents the total value of your bonds.
Common Stock $56,658 25.3% $54,348
Common Stock: The amount of capital invested
by shareholders in the company. Retained Retained Earnings $43,566 19.5% $37,961

Earnings: The profits that the company chose to Total Equity $100,224 44.8% $92,309
keep instead of paying to shareholders as dividends.
Total Liab. & O. Equity $223,956 100% $227,039

Cash Flow Statement

Cash Flows from Operating Activities: 2027 2026
The Cash Flow Statement examines what happened in the Cash
Net income (Loss) $5,605 ($3,328)
Account during the year. Cash injections appear as positive numbers and
cash withdrawals as negative numbers. The Cash Flow Statement is an Depreciation $17,509 $17,509

excellent tool for diagnosing emergency loans. When negative cash flows Extraordinary gain/losses/writeoffs ($1,038) $0
exceed positives, you are forced to seek emergency funding. For example,
Accounts Payable ($1,019) $2,315
if sales are bad and you find yourself carrying an abundance of excess
inventory, the report would show the increase in inventory as a huge Inventory $5,743 ($13,469)

negative cash flow. Too much unexpected inventory could outstrip your Accounts Receivable ($1,404) ($1,779)
inflows, exhaust your starting cash and force you to beg for money to
Net cash from operations $25,396 $1,248
keep your company afloat.
Cash Flows from Investing Activities:

Plant Improvements $0 ($46,880)

Cash Flow Summary Digby
Cash Flows from Financing Activities:
30k
Dividends paid $0 $0

Sales of Common Stock $2,310 $16,946

20k Purchase of Common Stock $0 $0

Cash from long term debt $0 $19,146

Retirement of long term debt ($12,248) $0

10k Change in current debt (net) $3,306 ($6,930)

Net cash from financing activities ($6,631) $29,162

Net change in cash position $18,765 ($16,470)

0 Closing cash position $38,318 $19,554

-10k

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 Dino Dome Dug Drat Daze Dell Na Na Total Common Size

Sales $17,956 $22,974 $37,764 $37,473 $25,172 $30,032 $0 $0 $171,371 100%

Variable Costs:

Direct Labor $1,652 $2,564 $7,934 $6,257 $5,553 $6,418 $0 $0 $30,379 17.7%

Direct Material $7,317 $10,292 $15,771 $13,819 $11,247 $12,394 $0 $0 $70,840 41.3%

Inventory Carry $91 $180 $480 $576 $189 $180 $0 $0 $1,696 1%

Total Variable $9,059 $13,036 $24,186 $20,653 $16,989 $18,991 $0 $0 $102,915 60.1%

Contribution Margin $8,897 $9,938 $13,578 $16,820 $8,183 $11,041 $0 $0 $68,456 39.9%

Period Costs:

Depreciation $3,833 $4,600 $2,040 $1,927 $2,635 $2,475 $0 $0 $17,509 10.2%

R&D $0 $0 $985 $985 $966 $966 $0 $0 $3,902 2.3%

Promotions $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $0 $0 $7,200 4.2%

Sales $1,000 $1,000 $2,400 $2,400 $900 $900 $0 $0 $8,600 5%

Admin $204 $261 $429 $426 $286 $341 $0 $0 $1,948 1.1%

Total Period $6,237 $7,061 $7,054 $6,937 $5,987 $5,882 $0 $0 $39,159 22.9%

Net Margin $2,660 $2,877 $6,523 $9,883 $2,196 $5,158 $0 $0 $29,297 17.1%

Other $5,261 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 EBIT $24,036 14%
goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of Short Term Interest $3,636 2.1%
plant value. R&D Costs: R&D department expenditures for each product. Admin:
Long Term Interest $11,601 6.8%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
budget for each product. Sales: The sales force budget for each product. Other: Taxes $3,080 1.8%

Charges not included in other categories such as Fees, Write Offs, and TQM. The fees Profit Sharing $114 0.1%
include money paid to investment bankers and brokerage firms to issue new stocks or
Net Profit $5,605 3.3%
bonds plus 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 production line. If the amount appears as a negative amount, then you actually made Variables Margins
money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and
60%
Taxes. Short Term Interest: Interest expense based on last year's 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 50%
upon a 35% 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%

Dino Dome Dug Drat Daze

Dell NA NA

COOKIE SETTINGS
 Profit History Market Share History
$15,000 30%

25%

$10,000

20%

$5,000 15%

10%

$0

5%

$-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

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%

-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
COOKIE SETTINGS