Round: 8

Dec. 31, C105569

2027
Andrews Baldwin Chester
Rashleen Arora Mohit Agrawal
Disha Baid Bhawana Dwivedi
Arani Das Riddha Mathur
Varun Kundert Himani Patil
MD RAASHID Ena Shrimali
Rohan Saha Harshal Vaishnav

Digby Erie Ferris

Yasharth Brajesh Komal . Jeet Ganatra
Ayush Chhablani AMRIT GUPTA Arijit Ghosh
Sonali Gupta Kunal Jain Archit Gupta
Preeti Kabra ANUJ KILLA Cheril Gupta
Sourav Lakhotia Abhishek Lilha Anmol Kanotra
Sushmita Saha Lopita Sen Anshika Srivastava

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS 5.2% -0.2% 14.0% 11.4% 10.6% 6.2%
Asset Turnover 0.72 1.11 0.94 0.74 0.95 1.14
ROA 3.8% -0.3% 13.1% 8.5% 10.0% 7.1%
Leverage 1.5 2.7 1.3 1.3 1.4 1.5
ROE 5.7% -0.7% 16.6% 10.7% 13.9% 10.7%
Emergency Loan $0 $0 $0 $0 $0 $0
Sales $54,885,747 $121,368,532 $235,521,509 $182,906,003 $155,992,799 $198,232,054
EBIT $7,524,181 $7,229,318 $57,344,144 $37,993,647 $30,043,365 $24,548,315
Profits $2,843,991 ($299,580) $32,964,957 $20,781,472 $16,473,719 $12,304,661
Cumulative Profit ($19,300,511) ($21,177,650) $101,702,733 $44,932,212 $54,881,916 $29,267,625
SG&A / Sales 27.3% 15.2% 14.8% 13.4% 16.3% 12.7%
Contrib. Margin % 43.5% 33.3% 46.9% 44.5% 36.2% 31.7%

CAPSTONE ® COURIER Page 1

 Round: 8
Stock & Bonds C105569 Dec. 31, 2027
Stock Market Summary
MarketCap
Company Close Change Shares Book Value EPS Dividend Yield P/E
($M)
Andrews $23.43 $3.10 2,897,396 $68 $17.32 $0.98 $0.00 0.0% 23.9
Baldwin $5.88 $4.88 4,999,326 $29 $8.05 ($0.06) $0.00 0.0% -99.8
Chester $85.06 $13.39 4,236,538 $360 $46.86 $7.78 $0.00 0.0% 10.9
Digby $45.71 $7.48 6,406,262 $293 $30.45 $3.24 $0.00 0.0% 14.1
Erie $64.65 $9.82 3,075,575 $199 $38.47 $5.36 $0.35 0.5% 12.1
Ferris $43.64 $6.43 3,938,765 $172 $29.08 $3.12 $0.00 0.0% 14.0

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
12.8S2032 $8,767,816 13.1% 97.57 A 13.6S2032 $6,638,999 13.1% 103.55 AAA
14.1S2033 $13,900,000 13.8% 102.37 A 14.2S2033 $21,000,000 13.3% 106.47 AAA
Baldwin 9.6S2034 $8,334,000 11.1% 86.56 AAA
13.3S2033 $20,899,544 15.1% 88.36 C 9.0S2035 $5,000,000 10.9% 82.48 AAA
9.7S2034 $1,810,448 13.3% 72.94 C Erie
9.4S2035 $17,476,710 13.5% 69.65 C 11.3S2030 $12,300,000 11.8% 95.76 AA
12.8S2036 $4,077,350 15.4% 83.25 C 12.2S2032 $7,000,000 12.6% 96.84 AA
Chester 12.4S2033 $8,000,000 12.8% 97.21 AA
12.2S2031 $4,448,025 12.4% 98.50 AAA 7.6S2034 $10,000,000 10.0% 75.75 AA
12.7S2033 $31,311,000 12.7% 100.00 AAA Ferris
8.5S2034 $7,000,000 10.5% 81.25 AAA 13.4S2032 $9,647,335 13.5% 99.31 A
14.0S2033 $8,500,000 13.8% 101.57 A
9.1S2034 $10,000,000 11.3% 80.46 A
8.6S2035 $20,000,000 11.2% 76.49 A

Next Year's Prime Rate11.00%

CAPSTONE ® COURIER Page 2
 Round: 8
Financial Summary C105569 Dec. 31, 2027
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $2,844 ($300) $32,965 $20,781 $16,474 $12,305
Adjustment for non-cash items:
Depreciation $5,567 $11,800 $18,676 $17,675 $8,579 $14,840
Extraordinary gains/losses/writeoffs ($4,465) ($941) ($709) ($535) ($7,640) ($2,353)
Changes in current assets and liablilities
Accounts payable $1,138 $3,703 $1,089 $4,488 $3,177 $2,605
Inventory ($5,783) ($9,194) $992 ($15,944) ($4,446) ($7,990)
Accounts Receivable $456 ($2,290) ($994) ($5,230) ($1,001) $6,101
Net cash from operations ($243) $2,779 $52,019 $21,235 $15,143 $25,508

Cash flows from investing activities

Plant improvements(net) $11,115 $0 $0 $0 $22,692 $0
Cash flows from financing activities
Dividends paid $0 $0 $0 $0 ($1,076) $0
Sales of common stock $0 $833 $0 $24,000 $0 $0
Purchase of common stock $0 $0 $0 $0 ($8,874) $0
Cash from long term debt issued $0 $0 $0 $0 $0 $0
Early retirement of long term debt ($17,000) ($7,408) ($20,000) ($40,000) $0 ($30,000)
Retirement of current debt ($12,210) ($16,713) $0 $0 $0 $0
Cash from current debt borrowing $0 $17,485 $0 $0 $0 $0
Cash from emergency loan $0 $0 $0 $0 $0 $0

Net cash from financing activities ($29,210) ($5,803) ($20,000) ($16,000) ($9,950) ($30,000)

Net change in cash position ($18,338) ($3,024) $32,019 $5,235 $27,884 ($4,492)
Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $13,467 $19,974 $69,704 $61,229 $96,766 $49,118
Accounts Receivable $4,511 $9,975 $19,358 $30,568 $12,821 $16,293
Inventory $9,657 $9,194 $15,414 $18,357 $8,896 $14,709
Total Current Assets $27,635 $39,143 $104,475 $110,154 $118,483 $80,120

Plant and equipment $83,500 $177,000 $280,140 $265,118 $128,690 $222,600

Accumulated Depreciation ($35,355) ($106,833) ($133,278) ($129,768) ($83,108) ($128,404)
Total Fixed Assets $48,145 $70,167 $146,862 $135,350 $45,582 $94,196

Total Assets $75,781 $109,310 $251,337 $245,505 $164,065 $174,316

Accounts Payable $2,930 $7,314 $10,050 $9,466 $8,458 $11,648

Current Debt $0 $17,485 $0 $0 $0 $0
Long Term Debt $22,668 $44,264 $42,759 $40,973 $37,300 $48,147
Total Liabilities $25,597 $69,063 $52,809 $50,439 $45,758 $59,795

Common Stock $44,380 $39,656 $71,432 $124,740 $50,239 $59,860

Retained Earnings $5,803 $592 $127,096 $70,326 $68,068 $54,661
Total Equity $50,183 $40,248 $198,529 $195,065 $118,307 $114,521

Total Liabilities & Owners Equity $75,781 $109,310 $251,337 $245,505 $164,065 $174,316

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $54,886 $121,369 $235,522 $182,906 $155,993 $198,232
Variable Costs(Labor,Material,Carry) $31,020 $80,895 $125,112 $101,432 $99,526 $135,488
Depreciation $5,567 $11,800 $18,676 $17,675 $8,579 $14,840
SGA(R&D,Promo,Sales,Admin) $14,985 $18,482 $34,798 $24,541 $25,351 $25,259
Other(Fees,Writeoffs,TQM,Bonuses) ($4,210) $2,962 ($409) $1,265 ($7,507) ($1,903)
EBIT $7,524 $7,229 $57,344 $37,994 $30,043 $24,548
Interest(Short term,Long term) $3,082 $7,690 $5,114 $5,135 $3,996 $5,113
Taxes $1,555 ($161) $18,280 $11,501 $9,117 $6,802
Profit Sharing $43 $0 $985 $577 $457 $328
Net Profit $2,844 ($300) $32,965 $20,781 $16,474 $12,305

CAPSTONE ® COURIER Page 3

 Round: 8
Production Analysis C105569 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 214 776 1/15/2026 8.2 15000 3.6 16.5 $14.20 $4.60 $2.16 32% 100% 10.0 500 198%
Agape Size 389 57 10/9/2027 1.3 19500 9.3 4.4 $30.00 $11.65 $8.45 32% 80% 7.0 250 178%
Austin Low 1,492 488 1/15/2025 6.9 13000 4.5 15.5 $16.10 $4.40 $2.16 57% 100% 10.0 1,000 198%
Ace High 446 0 8/22/2027 1.3 23500 15.7 4.6 $36.25 $14.44 $9.89 34% 40% 6.0 200 139%

Baker Low 1,040 0 3/19/2024 5.3 16000 6.5 13.5 $18.50 $6.50 $6.33 30% 0% 7.5 1,100 95%
Bead Low 1,634 0 7/19/2025 7.5 14000 5.2 14.8 $18.50 $5.10 $2.91 56% 18% 9.5 1,400 117%
Bid High 458 137 5/30/2027 1.5 24000 16.4 3.6 $36.00 $15.00 $10.86 25% 0% 5.0 700 85%
Bold Trad 1,063 125 8/8/2027 1.9 19000 11.1 8.9 $26.00 $10.24 $9.28 25% 41% 6.5 850 140%
Buddy Trad 1,069 169 8/8/2027 1.9 19000 11.1 8.9 $26.00 $10.24 $9.08 25% 32% 6.5 950 130%

Cake Trad 1,674 58 12/4/2027 1.1 18000 10.6 9.4 $19.50 $8.56 $1.80 48% 59% 10.0 1,100 158%
Cedar Low 987 1,500 9/27/2027 4.3 14500 4.0 15.9 $12.00 $4.03 $1.71 44% 33% 10.0 1,600 132%
Cid High 661 132 9/12/2027 1.3 25000 16.0 4.0 $36.50 $13.38 $4.90 49% 17% 8.0 640 116%
Coat Pfmn 1,265 51 10/21/2027 1.3 27000 17.2 10.6 $30.00 $12.84 $3.44 45% 36% 9.0 750 135%
Cure Size 1,104 131 10/21/2027 1.3 21000 9.3 2.9 $31.50 $11.20 $3.35 52% 25% 9.0 710 124%
Cid1 High 724 60 9/12/2027 1.3 25000 15.9 4.1 $36.00 $13.32 $4.58 50% 0% 8.0 750 86%
Coat1 Pfmn 1,089 0 7/24/2027 1.3 27000 17.1 10.7 $31.00 $12.79 $5.68 40% 100% 8.0 550 198%
Cure1 Size 1,089 0 9/27/2027 1.3 21000 9.4 2.8 $31.50 $11.25 $5.68 47% 100% 8.0 550 198%

Daze Trad 1,697 531 9/22/2027 1.3 17500 10.4 9.7 $18.99 $8.29 $3.56 36% 67% 9.0 1,350 165%
Dell Low 3,466 0 1/18/2026 8.3 14000 4.7 15.3 $12.11 $4.25 $1.85 49% 100% 10.0 1,750 198%
Dixie High 635 117 7/12/2027 1.5 25000 15.3 4.7 $35.75 $12.99 $8.09 40% 21% 6.0 600 120%
Dot 0 17 9/14/2021 7.7 27000 10.6 15.2 $21.00 $0.00 $0.00 0% 0% 3.0 1 0%
Duke Low 2,277 0 1/23/2021 6.9 12000 4.7 15.3 $13.51 $3.72 $1.85 58% 100% 10.0 1,150 198%
Dexter Trad 1,474 507 9/22/2027 1.3 17500 10.5 9.5 $21.89 $8.37 $3.70 43% 100% 9.0 1,000 198%
Dash High 639 152 7/12/2027 1.4 25000 15.3 4.7 $36.00 $12.99 $8.58 39% 45% 6.0 500 144%

Eat Trad 1,238 277 9/11/2026 2.9 16000 9.1 10.9 $19.00 $7.20 $5.57 30% 100% 8.0 765 198%
Ebb Low 1,894 483 3/17/2025 7.7 14000 4.2 15.8 $13.50 $3.98 $1.86 54% 100% 10.0 1,200 198%
Echo High 577 15 6/23/2027 1.4 23000 16.0 4.1 $36.50 $12.82 $11.14 34% 100% 5.0 295 198%
Edge Pfmn 1,188 0 7/13/2027 1.4 27000 17.2 10.8 $31.00 $12.81 $9.28 29% 100% 6.0 600 198%
Egg Size 921 0 7/16/2027 1.7 20000 9.4 2.7 $31.50 $11.03 $9.28 38% 100% 6.0 365 198%
Ehco High 548 87 7/12/2027 1.4 23000 16.1 3.9 $36.50 $12.90 $11.14 34% 100% 5.0 300 198%

Fast Trad 1,487 206 8/10/2027 1.4 17500 10.2 9.8 $20.00 $8.20 $5.02 33% 22% 8.0 1,400 121%
Feat Low 2,277 0 6/21/2025 4.6 17000 5.7 14.3 $13.75 $5.60 $3.56 32% 48% 9.0 1,550 147%
Fist Trad 1,497 286 5/28/2027 1.7 18000 10.4 9.6 $21.50 $8.45 $7.55 24% 89% 7.0 950 188%
Foam Pfmn 1,302 172 7/9/2027 1.5 27000 17.2 10.6 $30.00 $12.84 $9.35 25% 81% 6.0 800 179%
Fume Size 1,232 20 7/2/2027 1.5 21000 9.2 2.9 $31.00 $11.19 $7.70 39% 0% 6.0 1,000 99%
Fox High 771 145 6/27/2027 1.5 25000 15.8 4.2 $36.00 $13.27 $8.84 37% 45% 6.0 600 144%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C105569 Round: 8
Dec. 31, 2027

Traditional Statistics
Total Industry Unit Demand 11,176
Actual Industry Unit Sales |11,176
Segment % of Total Industry |26.9%

Next Year's Segment Growth Rate |9.2%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $16.00 - 26.00 23%
3. Ideal Position Pfmn 10.6 Size 9.4 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
Daze 15% 1,697 9/22/2027 10.4 9.7 $18.99 17500 1.34 $2,000 86% $1,534 100% 74
Cake 15% 1,674 12/4/2027 10.6 9.4 $19.50 18000 1.11 $2,100 94% $1,235 100% 61
Fist 13% 1,497 5/28/2027 10.4 9.6 $21.50 18000 1.67 $2,500 90% $1,488 99% 76
Fast 13% 1,487 8/10/2027 10.2 9.8 $20.00 17500 1.41 $2,050 90% $1,488 99% 69
Dexter 13% 1,474 9/22/2027 10.5 9.5 $21.89 17500 1.34 $2,000 84% $1,292 100% 64
Eat 11% 1,216 9/11/2026 9.1 10.9 $19.00 16000 2.90 $2,180 91% $1,472 100% 37
Buddy 10% 1,069 8/8/2027 11.1 8.9 $26.00 19000 1.88 $1,900 83% $1,220 100% 59
Bold 10% 1,063 8/8/2027 11.1 8.9 $26.00 19000 1.89 $1,900 83% $1,220 100% 59

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C105569 Round: 8
Dec. 31, 2027

Low End Statistics

Total Industry Unit Demand 15,303
Actual Industry Unit Sales |15,303
Segment % of Total Industry |36.9%

Next Year's Segment Growth Rate |11.7%

Low End Customer Buying Criteria
Expectations Importance
1. Price $11.00 - 21.00 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 5.7 Size 14.3 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
Dell 23% 3,466 1/18/2026 YES 4.7 15.3 $12.11 14000 8.32 $2,100 87% $1,615 100% 70
Feat 15% 2,277 6/21/2025 YES 5.7 14.3 $13.75 17000 4.61 $2,100 89% $1,488 99% 67
Duke 15% 2,277 1/23/2021 YES 4.7 15.3 $13.51 12000 6.94 $2,000 86% $1,292 100% 57
Ebb 12% 1,894 3/17/2025 4.2 15.8 $13.50 14000 7.69 $2,250 92% $1,656 99% 27
Bead 11% 1,634 7/19/2025 YES 5.2 14.8 $18.50 14000 7.52 $1,900 83% $1,220 98% 33
Austin 10% 1,492 1/15/2025 4.5 15.5 $16.10 13000 6.91 $2,275 82% $1,683 100% 26
Baker 7% 1,040 3/19/2024 YES 6.5 13.5 $18.50 16000 5.26 $1,900 84% $1,220 98% 27
Cedar 6% 987 9/27/2027 4.0 15.9 $12.00 14500 4.33 $2,250 96% $1,235 100% 19
Acre 1% 214 1/15/2026 3.6 16.5 $14.20 15000 8.24 $1,540 80% $2,066 100% 0
Eat 0% 23 9/11/2026 9.1 10.9 $19.00 16000 2.90 $2,180 45% $1,472 99% 2

CAPSTONE ® COURIER Page 6

High End Segment Analysis C105569 Round: 8
Dec. 31, 2027

High End Statistics

Total Industry Unit Demand 5,458
Actual Industry Unit Sales |5,458
Segment % of Total Industry |13.2%

Next Year's Segment Growth Rate |16.2%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 16.1 Size 3.9 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $26.00 - 36.00 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
Fox 14% 771 6/27/2027 15.8 4.2 $36.00 25000 1.47 $2,250 94% $1,488 100% 68
Cid1 13% 724 9/12/2027 15.9 4.1 $36.00 25000 1.33 $2,250 96% $1,140 100% 72
Cid 12% 661 9/12/2027 16.0 4.0 $36.50 25000 1.32 $2,200 95% $1,140 100% 65
Dash 12% 639 7/12/2027 15.3 4.7 $36.00 25000 1.42 $2,200 87% $1,292 100% 60
Dixie 12% 635 7/12/2027 15.3 4.7 $35.75 25000 1.47 $2,100 92% $1,050 100% 60
Echo 11% 577 6/23/2027 16.0 4.1 $36.50 23000 1.44 $2,000 91% $1,472 98% 52
Ehco 10% 548 7/12/2027 16.1 3.9 $36.50 23000 1.43 $2,050 90% $1,288 98% 52
Bid 8% 458 5/30/2027 16.4 3.6 $36.00 24000 1.52 $1,900 84% $1,220 69% 48
Ace 8% 446 8/22/2027 YES 15.7 4.6 $36.25 23500 1.31 $1,570 72% $1,683 98% 43

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C105569 Round: 8
Dec. 31, 2027

Performance Statistics
Total Industry Unit Demand 4,845
Actual Industry Unit Sales |4,845
Segment % of Total Industry |11.7%

Next Year's Segment Growth Rate |19.8%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 17.4 Size 10.4 29%
3. Price $21.00 - 31.00 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 27% 1,302 7/9/2027 17.2 10.6 $30.00 27000 1.50 $2,350 94% $1,488 99% 77
Coat 26% 1,265 10/21/2027 17.2 10.6 $30.00 27000 1.28 $2,200 95% $1,140 100% 78
Edge 25% 1,188 7/13/2027 YES 17.2 10.8 $31.00 27000 1.41 $1,920 90% $1,656 99% 73
Coat1 22% 1,089 7/24/2027 YES 17.1 10.7 $31.00 27000 1.32 $2,300 85% $1,235 100% 70

CAPSTONE ® COURIER Page 8

Size Segment Analysis C105569 Round: 8
Dec. 31, 2027

Size Statistics
Total Industry Unit Demand 4,735
Actual Industry Unit Sales |4,735
Segment % of Total Industry |11.4%

Next Year's Segment Growth Rate |18.3%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 9.6 Size 2.6 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $21.00 - 31.00 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 26% 1,232 7/2/2027 9.2 2.9 $31.00 21000 1.49 $2,300 92% $0 100% 78
Cure 23% 1,104 10/21/2027 9.3 2.9 $31.50 21000 1.29 $2,000 94% $1,140 100% 76
Cure1 23% 1,089 9/27/2027 YES 9.4 2.8 $31.50 21000 1.27 $2,350 85% $1,235 100% 76
Egg 19% 921 7/16/2027 YES 9.4 2.7 $31.50 20000 1.74 $1,930 90% $1,656 99% 74
Agape 8% 389 10/9/2027 9.3 4.4 $30.00 19500 1.28 $1,150 56% $1,071 98% 23

CAPSTONE ® COURIER Page 9

 Round: 8
Market Share C105569 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 11,176 15,303 5,458 4,845 4,735 41,518 Units Demanded 11,176 15,303 5,458 4,845 4,735 41,518
% of Market 26.9% 36.9% 13.2% 11.7% 11.4% 100.0% % of Market 26.9% 36.9% 13.2% 11.7% 11.4% 100.0%

Acre 1.4% 0.5% Acre 1.3% 0.5%

Agape 8.2% 0.9% Agape 7.9% 0.9%
Austin 9.8% 3.6% Austin 8.9% 3.3%
Ace 8.2% 1.1% Ace 8.4% 1.1%
Total 11.2% 8.2% 8.2% 6.1% Total 10.3% 8.3% 7.9% 5.8%

Baker 6.8% 2.5% Baker 6.2% 2.3%

Bead 10.7% 3.9% Bead 9.8% 3.6%
Bid 8.4% 1.1% Bid 8.4% 1.1%
Bold 9.5% 2.6% Bold 9.5% 2.6%
Buddy 9.6% 2.6% Buddy 9.6% 2.6%
Total 19.1% 17.5% 8.4% 12.7% Total 19.1% 16.0% 8.4% 12.1%

Cake 15.0% 4.0% Cake 15.0% 4.0%

Cedar 6.5% 2.4% Cedar 5.9% 2.2%
Cid 12.1% 1.6% Cid 12.1% 1.6%
Coat 26.1% 3.0% Coat 25.3% 3.0%
Cure 23.3% 2.7% Cure 22.4% 2.6%
Cid1 13.3% 1.7% Cid1 13.2% 1.7%
Coat1 22.5% 2.6% Coat1 24.3% 2.8%
Cure1 23.0% 2.6% Cure1 22.7% 2.6%
Total 15.0% 6.5% 25.4% 48.6% 46.3% 20.7% Total 15.0% 5.9% 25.3% 49.6% 45.1% 20.5%

Daze 15.2% 4.1% Daze 15.2% 4.1%

Dell 22.7% 8.3% Dell 21.9% 8.1%
Dixie 11.6% 1.5% Dixie 11.6% 1.5%
Duke 14.9% 5.5% Duke 17.3% 6.4%
Dexter 13.2% 3.5% Dexter 13.2% 3.5%
Dash 11.7% 1.5% Dash 11.7% 1.5%
Total 28.4% 37.5% 23.3% 24.5% Total 28.4% 39.2% 23.3% 25.1%

Eat 10.9% 0.1% 3.0% Eat 10.9% 3.0%

Ebb 12.4% 4.6% Ebb 11.4% 4.2%
Echo 10.6% 1.4% Echo 10.6% 1.4%
Edge 24.5% 2.9% Edge 24.4% 2.8%
Egg 19.4% 2.2% Egg 21.9% 2.5%
Ehco 10.0% 1.3% Ehco 10.0% 1.3%
Total 10.9% 12.5% 20.6% 24.5% 19.4% 15.3% Total 10.9% 11.5% 20.6% 24.4% 21.9% 15.2%

Fast 13.3% 3.6% Fast 13.3% 3.6%

Feat 14.9% 5.5% Feat 17.1% 6.3%
Fist 13.4% 3.6% Fist 13.4% 3.6%
Foam 26.9% 3.1% Foam 26.0% 3.0%
Fume 26.0% 3.0% Fume 25.0% 2.9%
Fox 14.1% 1.9% Fox 14.1% 1.9%
Total 26.7% 14.9% 14.1% 26.9% 26.0% 20.6% Total 26.7% 17.1% 14.1% 26.0% 25.0% 21.2%

CAPSTONE ® COURIER Page 10

 Round: 8
Perceptual Map C105569 Dec. 31, 2027

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Acre 3.6 16.5 1/15/2026 Baker 6.5 13.5 3/19/2024 Cake 10.6 9.4 12/4/2027
Agape 9.3 4.4 10/9/2027 Bead 5.2 14.8 7/19/2025 Cedar 4.0 15.9 9/27/2027
Austin 4.5 15.5 1/15/2025 Bid 16.4 3.6 5/30/2027 Cid 16.0 4.0 9/12/2027
Ace 15.7 4.6 8/22/2027 Bold 11.1 8.9 8/8/2027 Coat 17.2 10.6 10/21/2027
Buddy 11.1 8.9 8/8/2027 Cure 9.3 2.9 10/21/2027
Cid1 15.9 4.1 9/12/2027
Coat1 17.1 10.7 7/24/2027
Cure1 9.4 2.8 9/27/2027

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 10.4 9.7 9/22/2027 Eat 9.1 10.9 9/11/2026 Fast 10.2 9.8 8/10/2027
Dell 4.7 15.3 1/18/2026 Ebb 4.2 15.8 3/17/2025 Feat 5.7 14.3 6/21/2025
Dixie 15.3 4.7 7/12/2027 Echo 16.0 4.1 6/23/2027 Fist 10.4 9.6 5/28/2027
Dot 10.6 15.2 9/14/2021 Edge 17.2 10.8 7/13/2027 Foam 17.2 10.6 7/9/2027
Duke 4.7 15.3 1/23/2021 Egg 9.4 2.7 7/16/2027 Fume 9.2 2.9 7/2/2027
Dexter 10.5 9.5 9/22/2027 Ehco 16.1 3.9 7/12/2027 Fox 15.8 4.2 6/27/2027
Dash 15.3 4.7 7/12/2027

CAPSTONE ® COURIER Page 11

 Round: 8
HR/TQM Report C105569 Dec. 31, 2027
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 149 476 317 388 441 656
Complement 149 476 317 388 441 656
1st Shift Complement 84 400 219 236 221 452
2nd Shift Complement 65 76 98 152 220 204
Overtime Percent 0.0% 0.0% 0.0% 0.0% 0.1% 0.0%
Turnover Rate 29.8% 17.0% 6.3% 12.6% 12.0% 16.5%
New Employees 66 205 20 110 96 108
Separated Employees 0 0 63 0 0 42
Recruiting Spend $1,000 $2,000 $5,000 $4,000 $5,000 $3,000
Training Hours 0 30 80 60 80 40
Productivity Index 100.0% 102.0% 129.5% 118.3% 118.5% 109.5%
Recruiting Cost $133 $614 $121 $550 $576 $433
Separation Cost $0 $0 $315 $0 $0 $210
Training Cost $0 $285 $507 $466 $706 $525
Total HR Admin Cost $133 $899 $943 $1,015 $1,281 $1,168
Labor Contract Next Year
Wages $34.73 $38.93 $45.34 $41.59 $40.91 $38.93
Benefits 1,874 3,250 3,749 3,387 3,414 3,250
Profit Sharing 1.5% 2.6% 2.9% 2.7% 2.7% 2.6%
Annual Raise 3.7% 6.4% 7.4% 6.7% 6.9% 6.4%
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 $0 $0 $0 $0 $0 $0
VendorJIT $0 $0 $0 $0 $0 $0
Quality Initiative Training $0 $0 $0 $0 $0 $0
Channel Support Systems $0 $750 $0 $0 $0 $0
Concurrent Engineering $0 $750 $0 $0 $0 $0
UNEP Green Programs $0 $0 $0 $0 $0 $0

TQM Budgets Last Year

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

Cumulative Impacts
Material Cost Reduction 0.00% 0.75% 11.80% 11.80% 11.80% 11.80%
Labor Cost Reduction 0.00% 2.99% 14.00% 14.00% 14.00% 14.00%
Reduction R&D Cycle Time 0.00% 40.01% 40.01% 40.01% 40.01% 40.01%
Reduction Admin Costs 0.00% 58.84% 60.02% 60.02% 60.02% 60.02%
Demand Increase 0.00% 12.50% 14.40% 14.40% 14.40% 14.40%

CAPSTONE ® COURIER Page 12


Ethics Report
Other (Fees, Writeoffs, etc.)
Demand Factor
Material Cost Impact
Admin Cost Impact
Productivity Impact
Awareness Impact
Accessibility Impact
Round: 8
C105569 Dec. 31, 2027
ETHICS SUMMARY
The actual dollar impact. Example, $120 means Other increased by $120.
The % of normal. 98% means demand fell 2%.
The % of normal. 104% means matieral costs rose 4%.
The % of normal. 103% means admin costs rose 3%.
The % of normal. 104% means productivity increased by 4%.
The % of normal. 105% means normal awareness was multiplied by 1.05.
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: 8
Annual Report Digby C105569
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 $61,229 24.9% $55,994
current value of your inventory across all products. A zero
Account Receivable $30,568 12.5% $25,338
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $18,357 7.5% $2,413
Equipment: The current value of your plant. Accum Total Current Assets $110,154 44.9% $83,745
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $265,118 108.0% $265,118
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($129,768) -52.9% ($112,093)
of operations. It includes emergency loans used to keep Total Fixed Assets $135,350 55.1% $153,025
your company solvent should you run out of cash during Total Assets $245,505 100.0% $236,770
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 $9,466 3.9% $4,978
instead of paying to shareholders as dividends.
Current Debt $0 0.0% $0
Long Term Debt $40,973 16.7% $81,508
Total Liabilities $50,439 20.5% $86,486

Common Stock $124,740 50.8% $100,740

Retained Earnings $70,326 28.6% $49,544
Total Equity $195,066 79.5% $150,284
Total Liab. & O. Equity $245,505 100.0% $236,770

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) $20,781 $15,975
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $17,675 $17,675
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs ($535) ($1,168)
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable $4,488 ($716)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory ($15,944) $16,616
the report would show the increase in inventory as a huge negative cash
Accounts Receivable ($5,230) ($1,682)
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 $21,235 $46,699
afloat. Cash Flows from Investing Activities
Plant Improvements $0 ($28,532)
Cash Flows from Financing Activities
Dividends paid $0 $0
Sales of common stock $24,000 $12,000
Purchase of common stock $0 $0
Cash from long term debt $0 $0
Retirement of long term debt ($40,000) ($15,000)
Change in current debt(net) $0 ($20,850)
Net cash from financing activities ($16,000) ($23,850)
Net change in cash position $5,235 ($5,682)
Closing cash position $61,229 $55,994

Annual Report Page 14

 Round: 8
Annual Report Digby C105569
Dec. 31, 2027
2027 Income Statement
2027 Common
(Product Name) Daze Dell Dixie Dot Duke Dexter Dash
Total
Size
Sales $32,223 $41,968 $22,691 $0 $0 $30,767 $32,262 $22,995 $182,906 100.0%
Variable Costs:
Direct Labor $6,039 $6,414 $5,089 $0 $0 $4,215 $5,455 $5,363 $32,574 17.8%
Direct Material $13,926 $15,216 $8,225 $0 $0 $8,794 $12,219 $8,274 $66,655 36.4%
Inventory Carry $750 $0 $295 $41 $0 $0 $729 $388 $2,203 1.2%
Total Variable $20,715 $21,630 $13,608 $41 $0 $13,009 $18,403 $14,025 $101,432 55.5%
Contribution Margin $11,508 $20,338 $9,083 ($41) $0 $17,758 $13,858 $8,970 $81,474 44.5%
Period Costs:
Depreciation $3,780 $5,367 $1,200 $1 $0 $3,527 $2,800 $1,000 $17,675 9.7%
SG&A: R&D $735 $0 $535 $0 $0 $0 $735 $535 $2,539 1.4%
Promotions $2,000 $2,100 $2,100 $0 $0 $2,000 $2,000 $2,200 $12,400 6.8%
Sales $1,534 $1,615 $1,050 $0 $0 $1,292 $1,292 $1,292 $8,075 4.4%
Admin $269 $350 $189 $0 $0 $257 $269 $192 $1,527 0.8%
Total Period $8,318 $9,432 $5,074 $1 $0 $7,076 $7,096 $5,219 $42,216 23.1%
Net Margin $3,190 $10,906 $4,009 ($42) $0 $10,683 $6,762 $3,751 $39,259 21.5%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $1,265 0.7%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $37,994 20.8%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $0 0.0%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $5,135 2.8%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $11,501 6.3%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $577 0.3%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $20,781 11.4%
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