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 0
Dec. 31 2023 152_Debajit
Report Das

Andrews Baldwin Chester

152_Debajit Das

Digby

Selected Financial Statistics

Andrews Baldwin Chester Digby

ROS 12.3% 8.6% 9.2% 5.7%

Asset Turnover 1.32 0.94 1.28 0.91

ROA 16.3% 8.1% 11.8% 5.2%

Leverage (Assets/Equity) 1.7 2.4 1.9 2.7

ROE 28.3% 19.2% 22.4% 13.7%

Emergency Loan $0 $0 $0 $0

Sales $163,405,682 $118,809,302 $119,585,004 $131,627,447

EBIT $36,465,763 $23,745,048 $21,603,263 $21,737,197

Profits $20,139,267 $10,189,632 $11,056,951 $7,499,948

Cumulative Profit $0 $0 $0 $0

SG&A / Sales 7.9% 11.2% 10.3% 9.7%

Contrib. Margin % 34.1% 38.8% 33.3% 33.8%

Percent Of Sales $ Market Share

125%

Digby
24.7 %
Andrews
100% 30.6 %
Other
SGA
Depr
75% Var Costs
Profit

50%

25%

Chester
22.4 %

0% Baldwin
Andrews Baldwin Chester Digby 22.3 %

Market Share information is provided on Page 7.

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Round 0
Stocks & Bonds 152_Debajit Das Dec. 31 2023

Stock Market Summary

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

Andrews $95.50 $15.09 2,051,207 $196 $34.70 $9.82 $6.50 6.8% 9.7

Baldwin $53.12 $10.94 2,173,578 $115 $24.47 $4.69 $2.88 5.4% 11.3

Chester $55.60 $7.00 1,909,872 $106 $25.90 $5.79 $2.34 4.2% 9.6

Digby $44.61 $0.90 2,566,559 $114 $21.30 $2.92 $4.95 11.1% 15.3

Closing Stock Price Andrews

Baldwin
$100
Chester
Digby

$80

$60

$40

$20

$0
2019 2020 2021 2022 2023 2024 2025 2026 2027

Bond Market Summary

Company Series# Face Yield Close$ S&P

Andrews

13.5S2025 $11,300,000 13.0% 103.58 BB

11.2S2030 $8,837,000 11.3% 99.07 BB

11.9S2031 $7,072,000 11.6% 102.54 BB

Baldwin

13.5S2025 $11,300,000 13.4% 100.83 CC

11.2S2030 $8,639,846 12.2% 92.04 CC

12.4S2031 $5,828,840 12.8% 97.12 CC

11.9S2033 $15,600,742 12.7% 94.03 CC

Chester

13.5S2025 $11,300,000 13.2% 102.54 B

11.1S2032 $2,504,080 11.7% 95.21 B

11.2S2033 $5,675,277 11.7% 95.48 B

Digby

13.5S2025 $11,300,000 13.5% 100.17 C

11.3S2030 $10,417,600 12.4% 90.83 C

12.5S2031 $14,665,611 13.1% 95.74 C

12.5S2032 $7,981,720 13.1% 95.45 C

12.5S2033 $9,473,587 13.1% 95.19 C

Next Year's Prime Rate 8%

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Round 0
Financial Summary 152_Debajit Das Dec. 31 2023

Cash Flow Statement Survey

Andrews Baldwin Chester Digby
Cash flows from operating activities
Net Income (Loss) $20,139 $10,190 $11,057 $7,500
Adjustment for non-cash items:
Depreciation $6,455 $8,293 $5,625 $9,527
Extraordinary gains/losses/writeoffs $0 $0 $0 $0
Changes in current assets and liabilities:
Accounts payable $735 $608 $997 $1,457
Inventory ($11,277) $1,429 $318 ($2,686)
Accounts receivable $20 ($954) ($1,776) ($1,038)
Net cash from operations $16,072 $19,565 $16,221 $14,760

Cash flows from investing activities

Plant improvements (net) ($3,520) ($26,642) ($6,500) ($15,800)
Cash flows from financing activities
Dividends paid ($13,333) ($6,250) ($4,465) ($12,694)
Sales of common stock $0 $0 $0 $0
Purchase of common stock ($1,935) $0 ($1,829) $0
Cash from long term debt issued $0 $15,601 $5,675 $9,474
Early retirement of long term debt $0 $0 $0 $0
Retirement of current debt ($5,725) ($15,864) ($10,483) ($22,170)
Cash from current debt borrowing $8,184 $19,606 $12,101 $21,706
Cash from emergency loan $0 $0 $0 $0

Net cash from financing activities ($12,809) $13,093 $1,000 ($3,685)

Net change in cash position ($257) $6,016 $10,721 ($4,725)

Balance Sheet Survey

Andrews Baldwin Chester Digby
Cash $31,800 $32,523 $19,743 $32,141
Accounts Receivable $13,431 $9,765 $9,829 $10,819
Inventory $25,972 $6,447 $14,832 $10,445
Total Current Assets $71,203 $48,736 $44,404 $53,405

Plant and equipment $96,824 $124,400 $84,380 $142,900

Accumulated Depreciation ($44,409) ($47,289) ($35,023) ($51,265)
Total Fixed Assets $52,415 $77,111 $49,357 $91,635

Total Assets $123,617 $125,847 $93,761 $145,040

Accounts Payable $9,516 $5,796 $6,382 $7,283

Current Debt $15,717 $25,489 $18,432 $29,239
Total Current Liabilities $25,233 $31,285 $24,814 $36,522

Long Term Debt $27,209 $41,369 $19,479 $53,839

Total Liabilities $52,443 $72,655 $44,293 $90,361

Common Stock $12,080 $14,389 $9,102 $24,684

Retained Earnings $59,094 $38,803 $40,367 $29,995
Total Equity $71,175 $53,192 $49,468 $54,680

Total Liabilities & Owner's Equity $123,617 $125,847 $93,761 $145,040

Income Statement Survey

Andrews Baldwin Chester Digby
Sales $163,406 $118,809 $119,585 $131,627
Variable Costs (Labor, Material, Carry) $107,622 $72,725 $79,744 $87,179
Contribution Margin $55,784 $46,084 $39,841 $44,448
Depreciation $6,455 $8,293 $5,625 $9,527
SGA (R&D, Promo, Sales, Admin) $12,834 $13,265 $12,301 $12,711
Other (Fees, Writeoffs, TQM, Bonuses $29 $780 $311 $474
EBIT $36,466 $23,745 $21,603 $21,737
Interest (Short term, Long term) $4,850 $7,749 $4,245 $9,963
Taxes $11,066 $5,599 $6,075 $4,121
Profit Sharing $411 $208 $226 $153
Net Profit $20,139 $10,190 $11,057 $7,500

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Round 0
Production Analysis 152_Debajit Das Dec. 31 2023

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

Capacity Production

Andrews Baldwin Chester Digby

Units Produced 5,594 4,751 3,317 5,941

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.

Art Elite 772 217 11/14/2023 1.1 26000 14.0 8.2 $42.00 $16.81 $9.80 36% 22% 4.0 714 121%

Ant Thrift 1,369 759 4/13/2021 5.1 20000 6.5 13.5 $26.00 $8.13 $7.90 33% 90% 6.0 1,130 188%

Ace Core 1,829 51 12/10/2022 2.2 22000 9.2 10.8 $32.00 $11.60 $8.96 35% 50% 5.0 1,200 149%

Axe Nano 921 265 11/9/2023 1.1 24000 11.9 6.2 $40.00 $16.13 $10.29 33% 42% 4.0 728 141%

Bam Thrift 1,728 22 6/27/2024 3.5 14000 6.8 13.2 $20.00 $6.65 $2.82 51% 100% 9.0 1,000 198%

Bell Core 1,883 14 11/30/2023 1.2 16000 9.4 10.6 $22.00 $10.01 $5.64 31% 100% 7.0 1,150 198%

Bit Nano 699 163 12/22/2023 1.1 18000 11.3 6.9 $31.00 $13.64 $6.24 36% 25% 6.0 750 124%

Bolt Elite 604 135 11/5/2023 1.1 20000 13.3 8.7 $35.00 $14.36 $7.09 38% 8% 5.0 800 107%

Cat Nano 1,127 89 11/12/2023 2.2 23000 10.2 8.0 $30.00 $13.98 $9.50 25% 93% 5.0 570 191%

Cell Elite 435 147 12/13/2023 1.9 25000 13.4 8.8 $38.00 $15.87 $7.73 41% 0% 5.0 700 64%

City Nano 960 214 12/22/2023 1.0 23000 11.8 6.2 $37.00 $15.79 $8.50 34% 27% 5.0 850 125%

Cozy Elite 864 192 12/5/2023 1.0 25000 13.8 8.2 $39.00 $16.39 $7.95 37% 6% 5.0 950 105%

Daft Thrift 1,339 238 12/11/2023 2.8 17000 7.6 12.4 $19.00 $8.40 $4.03 41% 33% 8.0 1,050 132%

Deal Thrift 1,672 287 12/19/2023 2.6 17000 7.8 12.2 $19.00 $8.61 $4.22 37% 57% 8.0 1,250 155%

Dim Core 1,288 150 12/3/2023 1.2 18000 10.2 9.4 $27.00 $11.68 $7.38 30% 93% 6.0 900 191%

Dome Core 1,415 85 11/19/2023 1.2 20000 10.9 9.9 $28.00 $12.39 $7.38 30% 93% 6.0 950 191%

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Thrift Market Segment Round 0
Analysis 152_Debajit Das Dec. 31 2023

Thrift Statisitcs Accessibility Thrift

Total Industry Unit Demand 5,102

Actual Industry Unit Sales 5,102

Andrews
Segment % of Total Industry 27%

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 7.3 Size 12.7 15%

4. Age Ideal Age = 3.0 10%

Digby

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

Perceptual Map For Thrift Actual vs Potential Market Share Thrift

20 60%

18
50%
16

14 Ant
Bam 40%
Daft
Deal
12
Bell
Dome 30%
Size

10 Dim

8
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

Deal 27% 1,402 12/19/2023 7.8 12.2 $19.00 17000 2.56 $1,050 63% $800 62% 30

Daft 23% 1,185 12/11/2023 7.6 12.4 $19.00 17000 2.76 $1,050 63% $1,000 62% 31

Bam 20% 1,039 6/27/2024 6.8 13.2 $20.00 14000 3.46 $950 52% $1,000 63% 18

Ant 16% 840 4/13/2021 6.5 13.5 $26.00 20000 5.11 $1,200 79% $2,000 74% 13

Bell 10% 516 11/30/2023 9.4 10.6 $22.00 16000 1.17 $950 52% $1,000 63% 6

Dim 1% 72 12/3/2023 10.2 9.4 $27.00 18000 1.21 $1,050 62% $600 62% 0

Dome 1% 48 11/19/2023 10.9 9.9 $28.00 20000 1.25 $1,050 63% $600 62% 0

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Round 0
Core Market Segment Analysis 152_Debajit Das Dec. 31 2023

Core Statisitcs Accessibility Core

Total Industry Unit Demand 6,679

Actual Industry Unit Sales 6,679

Andrews
Segment % of Total Industry 35.3%

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 9.4 Size 10.6 16%

Digby

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

Perceptual Map For Core Actual vs Potential Market Share Core

20 40%

18

16
30%
14 Ant
Bam
Daft
Deal
12
Ace
Bell
Dome 20%
Size

10 Dim
Cell
Bolt
Cat
8 Bit

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

Bell 20% 1,368 11/30/2023 9.4 10.6 $22.00 16000 1.17 $950 52% $1,000 62% 33

Ace 18% 1,227 12/10/2022 9.2 10.8 $32.00 22000 2.24 $1,200 80% $1,000 85% 27

Dome 15% 987 11/19/2023 10.9 9.9 $28.00 20000 1.25 $1,050 63% $600 58% 18

Dim 15% 979 12/3/2023 10.2 9.4 $27.00 18000 1.21 $1,050 62% $600 58% 18

Bam 10% 689 6/27/2024 6.8 13.2 $20.00 14000 3.46 $950 52% $1,000 62% 9

Ant 8% 530 4/13/2021 6.5 13.5 $26.00 20000 5.11 $1,200 79% $2,000 85% 5

Cat 6% 414 11/12/2023 10.2 8.0 $30.00 23000 2.19 $1,100 71% $400 22% 7

Deal 4% 270 12/19/2023 7.8 12.2 $19.00 17000 2.56 $1,050 63% $800 58% 27

Daft 2% 154 12/11/2023 7.6 12.4 $19.00 17000 2.76 $1,050 63% $1,000 58% 26

Bit 1% 54 12/22/2023 11.3 6.9 $31.00 18000 1.08 $950 53% $600 62% 0

Bolt 0% 8 11/5/2023 13.3 8.7 $35.00 20000 1.12 $950 52% $1,300 62% 0

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Round 0
Nano Market Segment Analysis 152_Debajit Das Dec. 31 2023

Nano Statisitcs Accessibility Nano

Total Industry Unit Demand 3,649

Actual Industry Unit Sales 3,649

Andrews
Segment % of Total Industry 19.3%

Next Year's Segment Growth Rate 14%

Baldwin
Nano Customer Buying Criteria
Expectations Importance

1. Ideal Position Pfmn 11.3 Size 6.7 35% Chester

2. Price $28.00 - 40.00 27%

3. Age Ideal Age = 1.0 20%

4. Reliability MTBF 18000-24000 18%

Digby

0% 10% 20% 30% 40% 50% 60% 70% 80% 9…

Perceptual Map For Nano Actual vs Potential Market Share Nano

20 50%

18

16 40%

14

30%
12
Ace
Dome
Size

10 Dim
Cell
Bolt
Cat Cozy
Art 20%
8 Bit
City
Axe
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 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

City 18% 660 12/22/2023 11.8 6.2 $37.00 23000 1.04 $1,100 70% $1,200 81% 44

Axe 17% 630 11/9/2023 11.9 6.2 $40.00 24000 1.12 $1,200 78% $1,000 82% 42

Bit 13% 464 12/22/2023 11.3 6.9 $31.00 18000 1.08 $950 53% $600 66% 37

Cat 12% 431 11/12/2023 10.2 8.0 $30.00 23000 2.19 $1,100 71% $400 81% 43

Ace 8% 296 12/10/2022 9.2 10.8 $32.00 22000 2.24 $1,200 80% $1,000 82% 10

Cozy 7% 260 12/5/2023 13.8 8.2 $39.00 25000 1.05 $1,100 69% $1,200 81% 10

Dome 7% 240 11/19/2023 10.9 9.9 $28.00 20000 1.25 $1,050 63% $600 28% 20

Bolt 6% 236 11/5/2023 13.3 8.7 $35.00 20000 1.12 $950 52% $1,300 66% 12

Dim 5% 183 12/3/2023 10.2 9.4 $27.00 18000 1.21 $1,050 62% $600 28% 15

Art 4% 161 11/14/2023 14.0 8.2 $42.00 26000 1.09 $1,200 77% $1,000 82% 4

Cell 2% 90 12/13/2023 13.4 8.8 $38.00 25000 1.91 $1,100 72% $400 81% 13

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Round 0
Elite Market Segment Analysis 152_Debajit Das Dec. 31 2023

Elite Statisitcs Accessibility Elite

Total Industry Unit Demand 3,478

Actual Industry Unit Sales 3,478

Andrews
Segment % of Total Industry 18.4%

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 13.3 Size 8.7 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 50%

18

16 40%

14

30%
12
Ace
Dome
Size

10 Dim
Cell
Bolt
Cat Cozy
Art 20%
8 Bit
City
Axe
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 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

Art 18% 611 11/14/2023 14.0 8.2 $42.00 26000 1.09 $1,200 77% $1,000 87% 39

Cozy 17% 604 12/5/2023 13.8 8.2 $39.00 25000 1.05 $1,100 69% $1,200 81% 40

Bolt 10% 361 11/5/2023 13.3 8.7 $35.00 20000 1.12 $950 52% $1,300 55% 25

Cell 10% 346 12/13/2023 13.4 8.8 $38.00 25000 1.91 $1,100 72% $400 81% 32

Ace 9% 306 12/10/2022 9.2 10.8 $32.00 22000 2.24 $1,200 80% $1,000 87% 8

City 9% 300 12/22/2023 11.8 6.2 $37.00 23000 1.04 $1,100 70% $1,200 81% 11

Axe 8% 291 11/9/2023 11.9 6.2 $40.00 24000 1.12 $1,200 78% $1,000 87% 11

Cat 8% 282 11/12/2023 10.2 8.0 $30.00 23000 2.19 $1,100 71% $400 81% 22

Bit 5% 182 12/22/2023 11.3 6.9 $31.00 18000 1.08 $950 53% $600 55% 11

Dome 4% 141 11/19/2023 10.9 9.9 $28.00 20000 1.25 $1,050 63% $600 19% 11

Dim 2% 54 12/3/2023 10.2 9.4 $27.00 18000 1.21 $1,050 62% $600 19% 5

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Round 0
Market Share Report 152_Debajit Das Dec. 31 2023

Units Sold vs Demand Market Share

8,000 60%

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 5,102 6,679 3,649 3,478 18,908 Units Demanded 5,102 6,679 3,649 3,478 18,908

% of Market 27.0% 35.3% 19.3% 18.4% 100.0% % of Market 27.0% 35.3% 19.3% 18.4% 100.0%

Art 4.4% 17.6% 4.1% Art 4.4% 17.6% 4.1%

Ant 16.5% 7.9% 7.2% Ant 16.3% 7.8% 7.1%

Ace 18.4% 8.1% 8.8% 9.7% Ace 17.9% 8.1% 8.8% 9.5%

Axe 17.3% 8.4% 4.9% Axe 17.3% 8.4% 4.9%

Total 16.5% 26.3% 29.8% 34.8% 25.9% Total 16.3% 25.7% 29.8% 34.8% 25.6%

Bam 20.4% 10.3% 9.1% Bam 20.3% 10.2% 9.1%

Bell 10.1% 20.5% 10.0% Bell 11.0% 22.2% 10.8%

Bit 0.8% 12.7% 5.2% 3.7% Bit 0.8% 12.7% 5.2% 3.7%

Bolt 0.1% 6.5% 10.4% 3.2% Bolt 0.1% 6.5% 10.4% 3.2%

Total 30.5% 31.7% 19.2% 15.6% 26.0% Total 31.3% 33.2% 19.2% 15.6% 26.8%

Cat 6.2% 11.8% 8.1% 6.0% Cat 6.1% 11.8% 8.1% 5.9%

Cell 2.5% 9.9% 2.3% Cell 2.5% 9.9% 2.3%

City 18.1% 8.6% 5.1% City 18.1% 8.6% 5.1%

Cozy 7.1% 17.4% 4.6% Cozy 7.1% 17.4% 4.6%

Total 6.2% 39.5% 44.1% 17.9% Total 6.1% 39.5% 44.1% 17.9%

Daft 23.2% 2.3% 7.1% Daft 23.0% 2.3% 7.0%

Deal 27.5% 4.0% 8.8% Deal 27.2% 4.0% 8.7%

Dim 1.4% 14.7% 5.0% 1.6% 6.8% Dim 1.4% 14.3% 5.0% 1.6% 6.7%

Dome 0.9% 14.8% 6.6% 4.0% 7.5% Dome 0.9% 14.4% 6.6% 4.0% 7.4%

Total 53.1% 35.8% 11.6% 5.6% 30.2% Total 52.4% 35.0% 11.6% 5.6% 29.8%

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Round 0
Perceptual Map 152_Debajit Das Dec. 31 2023

20

18

16

14 Ant
Bam
Daft
Deal
12
Ace
Bell
Dome
Size 10 Dim
Cell
Bolt
Cat Cozy
Art
8
Bit
City
Axe
6

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

Art 14.0 8.2 11/14/2023 Bam 6.8 13.2 6/27/2024 Cat 10.2 8.0 11/12/2023

Ant 6.5 13.5 4/13/2021 Bell 9.4 10.6 11/30/2023 Cell 13.4 8.8 12/13/2023

Ace 9.2 10.8 12/10/2022 Bit 11.3 6.9 12/22/2023 City 11.8 6.2 12/22/2023

Axe 11.9 6.2 11/9/2023 Bolt 13.3 8.7 11/5/2023 Cozy 13.8 8.2 12/5/2023

Digby

Name Pfmn Size Revised

Daft 7.6 12.4 12/11/2023

Deal 7.8 12.2 12/19/2023

Dim 10.2 9.4 12/3/2023

Dome 10.9 9.9 11/19/2023

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Round 0
HR/TQM Report 152_Debajit Das Dec. 31 2023
Human Resources Summary

Andrews Baldwin Chester Digby

Needed Complement 804 398 483 539

Complement 804 398 483 539

1st Shift Complement 525 260 371 316

2nd Shift Complement 279 138 112 223

Overtime % 0.0% 0.0% 0.0% 0.0%

Turnover Rate 10.0% 6.6% 10.0% 8.2%

New Employees 140 54 99 112

Separated Employees 0 0 0 0

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

Training Hours 0 80 0 40

Productivity Index 100.0% 117.6% 100.0% 109.4%

Recruiting Cost $140 $324 $99 $390

Separation Cost $0 $0 $0 $0

Training Cost $0 $637 $0 $431

Total HR Admin Cost $140 $962 $99 $821

Labor Contract Next Year

Wages $25.53 $25.53 $25.53 $25.53

Benefits 2,500 2,500 2,500 2,500

Profit Sharing 2.0% 2.0% 2.0% 2.0%

Annual Raise 5.0% 5.0% 5.0% 5.0%

TQM Summary

Andrews Baldwin Chester Digby

Process Mgt Budgets Last Year

CPI Systems $0 $0 $0 $0

Vendor/JIT $0 $0 $0 $0

Quality Initiative Training $0 $0 $0 $0

Channel Support Systems $0 $0 $0 $0

Concutrent Engineering $0 $0 $0 $0

UNEP Green Programs $0 $0 $0 $0

TQM Budgets Last Year

Benchmarking $0 $0 $0 $0

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

CCE/6 Sigma Training $0 $0 $0 $0

GEMI TQEM Sustainability Initiatives $0 $0 $0 $0

Total Expenditures $0 $0 $0 $0

Cumulative Impacts

Material Cost Reduction 0.00% 0.00% 0.00% 0.00%

Labor Cost Reduction 0.00% 0.00% 0.00% 0.00%

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

Reduction Admin Costs 0.00% 0.00% 0.00% 0.00%

Demand Increase 0.00% 0.00% 0.00% 0.00%

COMP-XM® INQUIRER Page 11

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Round 0
Annual Report Andrews C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
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 $31,800 25.7% $32,057
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $13,431 10.9% $13,451
Inventories: The current value of your inventory
Inventory $25,972 21% $14,695
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $71,203 57.6% $60,203
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $96,824 78.3% $93,304
accumulated depreciation from your plant. Accts Accumulated Depreciation ($44,409) -35.9% ($37,954)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $52,415 42.4% $55,350
the company is obligated to pay during the next year
Total assets $123,617 100% $115,552
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 $9,516 7.7% $8,781
this represents the total value of your bonds. Current Debt $15,717 12.7% $5,725
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $27,209 22% $34,742
The profits that the company chose to keep instead of
Total Liabilities $52,442 42.4% $49,248
paying to shareholders as dividends.
Common Stock $12,080 9.8% $12,443

Retained Earnings $59,094 47.8% $53,860

Total Equity $71,174 57.6% $66,303

Total Liab. & O. Equity $123,617 100% $115,552

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
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) $20,139 $21,811
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $6,455 $6,220
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 $735 $2,083
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 ($11,277) ($3,996)

Accounts Receivable $20 ($2,896)

Cash Flow Summary Andrews Net cash from operations $16,072 $23,222

20k Cash Flows from Investing Activities:

Plant Improvements ($3,520) ($1,820)

Cash Flows from Financing Activities:

10k
Dividends paid ($13,333) ($7,948)

Sales of Common Stock $0 $0

Purchase of Common Stock ($1,935) ($541)

0
Cash from long term debt $0 $0

Retirement of long term debt ($7,533) $0

Change in current debt (net) $9,992 ($2,070)

-10k
Net cash from financing activities ($12,809) ($10,559)

Net change in cash position ($257) $10,843

Closing cash position $31,800 $32,057

-20k

Operations Investment Finance Chg. Cash

Annual Report Page 1

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Annual Report Andrews C59559 Dec. 31 2023

2023 Income Statement

Product Name Art Ant Ace Axe Na Na Na Na Total Common Size

Sales $32,424 $35,605 $58,525 $36,852 $0 $0 $0 $0 $163,406 100%

Variable Costs:

Direct Labor $7,617 $10,815 $16,299 $9,428 $0 $0 $0 $0 $44,158 27%

Direct Material $12,559 $11,547 $21,888 $14,353 $0 $0 $0 $0 $60,347 36.9%

Inventory Carry $681 $1,488 $127 $821 $0 $0 $0 $0 $3,117 1.9%

Total Variable $20,857 $23,850 $38,313 $24,602 $0 $0 $0 $0 $107,622 65.9%

Contribution Margin $11,567 $11,755 $20,212 $12,250 $0 $0 $0 $0 $55,784 34.1%

Period Costs:

Depreciation $1,047 $2,260 $2,080 $1,068 $0 $0 $0 $0 $6,455 4%

R&D $881 $0 $0 $869 $0 $0 $0 $0 $1,750 1.1%

Promotions $1,200 $1,200 $1,200 $1,200 $0 $0 $0 $0 $4,800 2.9%

Sales $1,000 $2,000 $1,000 $1,000 $0 $0 $0 $0 $5,000 3.1%

Admin $255 $280 $460 $290 $0 $0 $0 $0 $1,284 0.8%

Total Period $4,383 $5,740 $4,740 $4,427 $0 $0 $0 $0 $19,289 11.8%

Net Margin $7,184 $6,015 $15,472 $7,824 $0 $0 $0 $0 $36,495 22.3%

Other $29 0%
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 $36,466 22.3%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $1,493 0.9%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $3,357 2.1%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $11,066 6.8%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $411 0.3%
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 $20,139 12.3%
production line. If the amount appears as a negative amount, then you actually made
money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and
Taxes. Short Term Interest: Interest expense based on last year's current debt, including Variables Margins
short term debt, long term notes that have become due, and emergency loans. Long
Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% 40%
tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net
Profit: EBIT minus interest, taxes, and profit sharing.

30%

20%

10%

0%

Art Ant Ace Axe NA NA NA

NA

COOKIE SETTINGS
 Profit History Market Share History
$25,000 40%

$20,000
30%

$15,000

20%

$10,000

10%
$5,000

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

40% 1.5

1.3

30%

1.0

20% 0.8

0.5

10%

0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

15% 20%

12.5%

15%

10%

7.5% 10%

5%

5%

2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

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TOP
Round 0
Annual Report Baldwin C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
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 $32,523 25.8% $26,507
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $9,765 7.8% $8,811
Inventories: The current value of your inventory
Inventory $6,447 5.1% $7,876
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $48,735 38.7% $43,194
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $124,400 98.9% $97,758
accumulated depreciation from your plant. Accts Accumulated Depreciation ($47,289) -37.6% ($38,996)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $77,111 61.3% $58,762
the company is obligated to pay during the next year
Total assets $125,847 100% $101,957
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 $5,796 4.6% $5,189
this represents the total value of your bonds. Current Debt $25,489 20.3% $15,864
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $41,369 32.9% $31,652
The profits that the company chose to keep instead of
Total Liabilities $72,654 57.7% $52,705
paying to shareholders as dividends.
Common Stock $14,389 11.4% $14,389

Retained Earnings $38,803 30.8% $34,863

Total Equity $53,192 42.3% $49,252

Total Liab. & O. Equity $125,847 100% $101,957

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
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) $10,190 $10,606
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $8,293 $6,517
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 ($3)
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $608 $782
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory $1,429 $1,737

Accounts Receivable ($954) ($1,876)

Cash Flow Summary Baldwin Net cash from operations $19,565 $17,764

30k Cash Flows from Investing Activities:

Plant Improvements ($26,642) ($2,800)

20k Cash Flows from Financing Activities:

Dividends paid ($6,250) ($4,242)

10k
Sales of Common Stock $0 $0

Purchase of Common Stock $0 $0

0
Cash from long term debt $15,601 $0

Retirement of long term debt ($5,883) ($1,647)

-10k
Change in current debt (net) $9,625 ($5,991)

Net cash from financing activities $13,093 ($11,880)

-20k
Net change in cash position $6,016 $3,084

Closing cash position $32,523 $26,507

-30k

Operations Investment Finance Chg. Cash

Annual Report Page 1

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Annual Report Baldwin C59559 Dec. 31 2023

2023 Income Statement

Product Name Bam Bell Bit Bolt Na Na Na Na Total Common Size

Sales $34,563 $41,429 $21,671 $21,146 $0 $0 $0 $0 $118,809 100%

Variable Costs:

Direct Labor $4,869 $10,597 $4,403 $4,322 $0 $0 $0 $0 $24,191 20.4%

Direct Material $12,089 $18,075 $9,169 $8,428 $0 $0 $0 $0 $47,761 40.2%

Inventory Carry $26 $26 $379 $343 $0 $0 $0 $0 $774 0.7%

Total Variable $16,985 $28,697 $13,951 $13,092 $0 $0 $0 $0 $72,725 61.2%

Contribution Margin $17,578 $12,732 $7,719 $8,054 $0 $0 $0 $0 $46,084 38.8%

Period Costs:

Depreciation $2,800 $2,607 $1,500 $1,387 $0 $0 $0 $0 $8,293 7%

R&D $1,000 $928 $988 $857 $0 $0 $0 $0 $3,772 3.2%

Promotions $950 $950 $950 $950 $0 $0 $0 $0 $3,800 3.2%

Sales $1,000 $1,000 $600 $1,300 $0 $0 $0 $0 $3,900 3.3%

Admin $522 $625 $327 $319 $0 $0 $0 $0 $1,793 1.5%

Total Period $6,272 $6,110 $4,365 $4,813 $0 $0 $0 $0 $21,559 18.1%

Net Margin $11,307 $6,622 $3,355 $3,241 $0 $0 $0 $0 $24,525 20.6%

Other $780 0.7%

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 $23,745 20%
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 $2,676 2.3%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $5,072 4.3%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $5,599 4.7%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $208 0.2%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $10,190 8.6%
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%

Bam Bell Bit Bolt NA NA

NA NA

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

25%
$10,000

20%
$7,500

15%

$5,000
10%

$2,500
5%

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

25% 1.5

1.3
20%

1.0
15%

0.8

10%
0.5

5%
0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

12.5% 12.5%

10% 10%

7.5% 7.5%

5% 5%

2.5% 2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

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 PRINT

Annual Report
TOP
Round 0
Annual Report Chester C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
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 $19,743 21.1% $9,022
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $9,829 10.5% $8,053
Inventories: The current value of your inventory
Inventory $14,832 15.8% $15,150
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $44,404 47.4% $32,225
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $84,380 90% $77,880
accumulated depreciation from your plant. Accts Accumulated Depreciation ($35,023) -37.4% ($29,397)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $49,357 52.6% $48,483
the company is obligated to pay during the next year
Total assets $93,761 100% $80,707
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 $6,382 6.8% $5,385
this represents the total value of your bonds. Current Debt $18,432 19.7% $10,483
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $19,479 20.8% $20,135
The profits that the company chose to keep instead of
Total Liabilities $44,293 47.2% $36,003
paying to shareholders as dividends.
Common Stock $9,102 9.7% $9,490

Retained Earnings $40,367 43.1% $35,216

Total Equity $49,469 52.8% $44,706

Total Liab. & O. Equity $93,761 100% $80,707

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
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) $11,057 $7,796
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $5,625 $5,192
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 $997 ($500)
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 $318 ($2,888)

Accounts Receivable ($1,776) $469

Cash Flow Summary Chester Net cash from operations $16,221 $10,069

20k Cash Flows from Investing Activities:

Plant Improvements ($6,500) ($12,220)

15k Cash Flows from Financing Activities:

Dividends paid ($4,465) ($3,866)

10k
Sales of Common Stock $0 $0

Purchase of Common Stock ($1,829) ($1,172)

5k
Cash from long term debt $5,675 $2,504

Retirement of long term debt ($6,331) $0

0
Change in current debt (net) $7,949 $514

Net cash from financing activities $1,000 ($2,020)

-5k
Net change in cash position $10,721 ($4,171)

Closing cash position $19,743 $9,022

-10k

Operations Investment Finance Chg. Cash

Annual Report Page 1

COOKIE SETTINGS
 TOP
Round 0
Annual Report Chester C59559 Dec. 31 2023

2023 Income Statement

Product Name Cat Cell City Cozy Na Na Na Na Total Common Size

Sales $33,821 $16,545 $35,506 $33,713 $0 $0 $0 $0 $119,585 100%

Variable Costs:

Direct Labor $10,436 $3,363 $8,271 $7,002 $0 $0 $0 $0 $29,072 24.3%

Direct Material $14,559 $6,094 $14,554 $13,685 $0 $0 $0 $0 $48,892 40.9%

Inventory Carry $236 $384 $609 $551 $0 $0 $0 $0 $1,780 1.5%

Total Variable $25,231 $9,841 $23,435 $21,238 $0 $0 $0 $0 $79,744 66.7%

Contribution Margin $8,590 $6,704 $12,072 $12,475 $0 $0 $0 $0 $39,841 33.3%

Period Costs:

Depreciation $1,292 $1,213 $1,473 $1,647 $0 $0 $0 $0 $5,625 4.7%

R&D $876 $963 $988 $939 $0 $0 $0 $0 $3,765 3.1%

Promotions $1,100 $1,100 $1,100 $1,100 $0 $0 $0 $0 $4,400 3.7%

Sales $400 $400 $1,200 $1,200 $0 $0 $0 $0 $3,200 2.7%

Admin $265 $129 $278 $264 $0 $0 $0 $0 $936 0.8%

Total Period $3,933 $3,805 $5,039 $5,150 $0 $0 $0 $0 $17,926 15%

Net Margin $4,658 $2,899 $7,033 $7,325 $0 $0 $0 $0 $21,914 18.3%

Other $311 0.3%

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 $21,603 18.1%
in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant
value. R&D Costs: R&D department expenditures for each product. Admin: Short Term Interest $1,806 1.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $2,439 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 $6,075 5.1%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $226 0.2%
consulting fees your instructor might assess. Write-offs include the loss you might
experience when you sell capacity or liquidate inventory as the result of eliminating a Net Profit $11,057 9.2%
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%

Cat Cell City Cozy NA NA

NA NA

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

25%
$10,000

20%
$7,500

15%

$5,000
10%

$2,500
5%

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

25% 1.5

1.3
20%

1.0
15%

0.8

10%
0.5

5%
0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

10% 12.5%

10%
7.5%

7.5%

5%

5%

2.5%
2.5%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

COOKIE SETTINGS
Annual Report Page 2

COOKIE SETTINGS
 PRINT

Annual Report
TOP
Round 0
Annual Report Digby C59559 Dec. 31 2023

Balance Sheet
ASSETS 2023 2022
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 $32,141 22.2% $36,867
cash position. Accounts Receivable: Reflects the lag
between delivery and payment of your products. Accounts Receivable $10,819 7.5% $9,781
Inventories: The current value of your inventory
Inventory $10,445 7.2% $7,759
across all products. A zero indicates your company
stocked out. Unmet demand would, of course, fall to Total Current Assets $53,405 36.8% $54,407
your competitors. Plant & Equipment: The current
value of your plant. Accum Deprec: The total Plant & Equipment $142,900 98.5% $127,100

accumulated depreciation from your plant. Accts Accumulated Depreciation ($51,265) -35.3% ($41,738)
Payable: What the company currently owes suppliers
for materials and services. Current Debt: The debt Total Fixed Assets $91,635 63.2% $85,362
the company is obligated to pay during the next year
Total assets $145,040 100% $139,769
of operations. It includes emergency loans used to
keep your company solvent should you run out of LIABILITIES & OWNERS' EQUITY
cash during the year. Long Term Debt: The
company's long term debt is in the form of bonds, and Accounts Payable $7,283 5% $5,826
this represents the total value of your bonds. Current Debt $29,239 20.2% $22,170
Common Stock: The amount of capital invested by
shareholders in the company. Retained Earnings: Long Term Debt $53,839 37.1% $51,898
The profits that the company chose to keep instead of
Total Liabilities $90,361 62.3% $79,894
paying to shareholders as dividends.
Common Stock $24,684 17% $24,684

Retained Earnings $29,995 20.7% $35,189

Total Equity $54,679 37.7% $59,873

Total Liab. & O. Equity $145,040 100% $139,769

Cash Flow Statement

Cash Flows from Operating Activities: 2023 2022
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) $7,500 $10,451
numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. Depreciation $9,527 $8,473
When negative cash flows exceed positives, you are forced to seek emergency funding.
For example, if sales are bad and you find yourself carrying an abundance of excess Extraordinary gain/losses/writeoffs $0 $0
inventory, the report would show the increase in inventory as a huge negative cash
Accounts Payable $1,457 ($794)
flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting
cash and force you to beg for money to keep your company afloat. Inventory ($2,686) $797

Accounts Receivable ($1,038) ($552)

Cash Flow Summary Digby Net cash from operations $14,760 $18,375

20k Cash Flows from Investing Activities:

Plant Improvements ($15,800) ($18,592)

Cash Flows from Financing Activities:

10k
Dividends paid ($12,694) ($8,901)

Sales of Common Stock $0 $0

Purchase of Common Stock $0 $0

0
Cash from long term debt $9,474 $7,982

Retirement of long term debt ($7,533) $0

Change in current debt (net) $7,069 ($5,277)

-10k
Net cash from financing activities ($3,685) ($6,196)

Net change in cash position ($4,725) ($6,413)

Closing cash position $32,141 $36,867

-20k

Operations Investment Finance Chg. Cash

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Round 0
Annual Report Digby C59559 Dec. 31 2023

2023 Income Statement

Product Name Daft Deal Dim Dome Na Na Na Na Total Common Size

Sales $25,441 $31,773 $34,785 $39,628 $0 $0 $0 $0 $131,627 100%

Variable Costs:

Direct Labor $5,414 $7,097 $9,496 $10,577 $0 $0 $0 $0 $32,584 24.8%

Direct Material $9,384 $12,519 $14,450 $16,989 $0 $0 $0 $0 $53,341 40.5%

Inventory Carry $316 $404 $335 $199 $0 $0 $0 $0 $1,253 1%

Total Variable $15,114 $20,020 $24,280 $27,765 $0 $0 $0 $0 $87,179 66.2%

Contribution Margin $10,328 $11,753 $10,505 $11,863 $0 $0 $0 $0 $44,449 33.8%

Period Costs:

Depreciation $2,660 $3,167 $1,800 $1,900 $0 $0 $0 $0 $9,527 7.2%

R&D $958 $979 $936 $896 $0 $0 $0 $0 $3,768 2.9%

Promotions $1,050 $1,050 $1,050 $1,050 $0 $0 $0 $0 $4,200 3.2%

Sales $1,000 $800 $600 $600 $0 $0 $0 $0 $3,000 2.3%

Admin $337 $421 $461 $525 $0 $0 $0 $0 $1,743 1.3%

Total Period $6,004 $6,416 $4,847 $4,971 $0 $0 $0 $0 $22,238 16.9%

Net Margin $4,323 $5,337 $5,658 $6,892 $0 $0 $0 $0 $22,211 16.9%

Other $474 0.4%

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 $21,737 16.5%
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 $3,246 2.5%
Administration overhead is estimated at 1.5% of sales. Promotions: The promotion
Long Term Interest $6,718 5.1%
budget for each product. Sales: The sales force budget for each product. Other: Charges
not included in other categories such as Fees, Write Offs, and TQM. The fees include Taxes $4,121 3.1%
money paid to investment bankers and brokerage firms to issue new stocks or bonds plus
Profit Sharing $153 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 $7,500 5.7%
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%

Daft Deal Dim Dome NA

NA NA NA

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 Profit History Market Share History
$12,500 40%

$10,000
30%

$7,500

20%

$5,000

10%
$2,500

$0 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROE History Asset Turnover History

20% 1.5

1.3

15%

1.0

10% 0.8

0.5

5%

0.3

0% 0.0

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

ROS History ROA History

10% 8%

7.5% 6%

5% 4%

2.5% 2%

0% 0%

2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

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