Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie

Cash flows from operating activities

Net Income (Loss) ($12,915) $25,012 ($4,684) $6,148 ($174)
Adjustment for non-cash items:
   Depreciation $6,960 $13,807 $7,340 $11,682 $10,627
   Extraordinary gains/losses/writeoffs $0 $542 ($439) $0 $0
Changes in current assets and liabilities:
   Accounts payable ($1,798) $405 $5,300 ($2,415) ($1,693)
   Inventory $34,975 ($2,904) $3,820 $6,867 $25,124
   Accounts receivable $2,052 ($182) $6,761 $1,204 ($765)
Net cash from operations $29,274 $36,679 $18,098 $23,485 $33,119

Cash flows from investing activities

Plant improvements (net) $0 ($10,545) $13,214 ($13,220) ($13,600)
Cash flows from financing activities
Dividends paid $0 ($649) $0 $0 $0
Sales of common stock $2,000 $0 $400 $0 $0
Purchase of common stock $0 $0 $0 $0 $0
Cash from long term debt issued $0 $0 $0 $0 $18,732
Early retirement of long term debt $0 ($10,000) $0 $0 $0
Retirement of current debt ($3,022) ($13,900) ($54,559) ($5,000) ($35,961)
Cash from current debt borrowing $0 $0 $0 $0 $0

Cash from emergency loan $0 $0 $22,847 $0 $0

Net cash from financing activities ($1,022) ($24,549) ($31,312) ($5,000) ($17,229)

Net change in cash position $28,252 $1,585 $0 $5,265 $2,290

Balance Sheet Survey Andrews Baldwin Chester Digby Erie
Cash $28,252 $32,719 $0 $7,351 $2,290
Accounts Receivable $8,959 $22,906 $8,851 $12,625 $10,528
Inventory $0 $10,356 $19,426 $3,662 $4,098
Total Current Assets $37,211 $65,980 $28,277 $23,638 $16,916

Plant and equipment $104,400 $207,100 $110,100 $175,230 $159,400

Accumulated Depreciation ($60,320) ($74,567) ($62,607) ($69,743) ($83,200)
Total Fixed Assets $44,080 $132,533 $47,493 $105,487 $76,200

Total Assets $81,291 $198,514 $75,771 $129,126 $93,116

Accounts Payable $4,625 $6,818 $9,311 $5,291 $4,956

Current Debt $0 $0 $22,847 $0 $0
Total Current Liabilities $4,625 $6,818 $32,158 $5,291 $4,956

Long Term Debt $41,601 $35,067 $45,850 $60,766 $58,582

Total Liabilities $46,227 $41,885 $78,008 $66,057 $63,538

Common Stock $33,128 $68,060 $19,560 $23,160 $26,876

Retained Earnings $1,936 $88,569 ($21,797) $39,909 $2,701
Total Equity $35,065 $156,629 ($2,238) $63,069 $29,578

Total Liabilities & Owners' Equity $81,291 $198,514 $75,771 $129,126 $93,116

Income Statement Survey Andrews Baldwin Chester Digby Erie

Sales $109,003 $167,210 $107,683 $153,602 $128,093
Variable Costs (Labor, Material, Carry) $91,251 $81,287 $81,676 $84,559 $85,919
Contribution Margin $17,752 $85,923 $26,007 $69,043 $42,174
Depreciation $6,960 $13,807 $7,340 $11,682 $10,627
SGA (R&D, Promo, Sales, Admin) $24,109 $26,191 $16,993 $23,563 $23,849
Other (Fees, Writeoffs, TQM, Bonuses) $1,100 $2,342 ($419) $16,000 $937
EBIT ($14,417) $43,583 $2,094 $17,798 $6,762
Interest (Short term, Long term) $5,452 $4,318 $9,300 $8,147 $7,030
Taxes ($6,954) $13,743 ($2,522) $3,378 ($94)
Profit Sharing $0 $510 $0 $125 $0
Net Profit ($12,915) $25,012 ($4,684) $6,148 ($174)
 Ferris

$4,325

$7,060
$0

($1,492)
$7,803
$936
$18,634

($6,000)

($3,500)
$0
$0
$10,000
$0
($13,900)
$0

$0

($7,400)

$5,234
Ferris
$11,647
$13,380
$1,116
$26,142

$108,900
($61,820)
$47,080

$73,222

$8,425
$0
$8,425

$30,850
 $39,275

$18,360
$15,587
$33,947

$73,222

Ferris
$162,786
$110,444
$52,342
$7,060
$32,173
$2,500
$10,609
$3,819
$2,377
$88
$4,325
 Primary Unit Inven Revision
Name Units Sold Age Dec.31 MTBF Pfmn Coord Size Coord
Segment tory Date

Able Low 1,252 0 4/5/2025 4 18001 6.1 13.6

Acre Low 1,277 0 2/13/2025 7 12001 3.2 16
Adam High 483 0 7/24/2026 1.6 25000 11.5 8.4
Aft Pfmn 495 0 7/16/2026 1.8 27000 12 14
Agape Size 693 0 1/7/2026 1.8 18000 5.3 7.6
Aft_x2 Pfmn 238 0 6/7/2026 1 27000 13.6 13
AgapeX Size 238 0 5/25/2026 1.1 18000 6.4 6.6

Baker Trad 1,406 0 2/13/2027 3.5 14000 7.1 12.9

Bead Low 1,990 1,245 10/1/2028 9.6 12500 3 17
Bid High 683 0 1/23/2026 2.7 23000 11.5 8.4
Bold Pfmn 125 128 12/9/2028 6.1 27000 9.4 15
Bac Low 1,119 0 4/2/2023 3.9 12000 4 16
Bider High 767 0 8/1/2025 3.1 25500 10.5 9
Bakery Trad 1,020 0 5/18/2026 1.8 14000 7.3 12.5

Cake Trad 970 979 3/26/2024 3.8 17500 6.6 13.5

Cedar Low 2,128 0 1/29/2026 6.4 12000 3.5 16.5
Cid High 383 0 11/18/2026 1.9 23000 13 7.5
Coat Pfmn 841 29 10/28/2025 2.4 27000 12.4 13.9
Cap Trad 290 0 3/24/2024 3.2 24000 9 10.5

Daze Trad 1,600 0 8/20/2026 2 17000 6.8 13.1

Dell Low 1,900 495 8/19/2026 3.7 12500 3.4 16.6
Duck High 686 0 3/14/2026 1.5 23000 11.9 8.1
Dot Pfmn 830 0 3/22/2026 1.7 27000 12.2 13.8
Dune Size 845 0 1/3/2026 1.7 19000 5.4 8

Eat Trad 1,660 0 11/17/2025 3 19000 7.8 12.4

Ebb Low 2,105 315 2/11/2025 5.4 14000 4.5 16
Echo High 388 0 6/9/2025 2.9 23000 10.5 9.7
Edge Pfmn 548 0 6/10/2026 1.6 27000 13 13.5
Egg Size 507 0 11/27/2026 1.5 19000 5.5 7
ECG 0 0 12/10/2026 0.9 25000 12 8

Fast Trad 1,933 0 10/7/2025 2.6 17500 7.5 12.4

Feat Low 1,438 0 6/23/2025 3.1 14000 3.7 16.3
Fist Trad 584 0 1/3/2026 2.5 20000 8 12
Foam Pfmn 654 49 9/8/2025 2.5 26000 12.5 13.5
Fume Size 654 0 11/15/2025 2.4 19000 6 7
FIST2 High 753 0 3/8/2026 1.3 23000 12.8 7
FIST3 0 0 11/25/2026 0.1 25000 14.3 5.7
FUME2 0 0 4/1/2027 0 0 0 0
 2nd Shift &
Material Auto mation Capacity
Price Labor Cost Contr. Marg. Over- Plant Utiliz.
Cost Next Round Next Round
time

$18.00 $0.00 $0.00 -2% 0% 5 1,400 0%

$15.00 $4.72 $6.65 16% 0% 6 1,150 47%
$37.00 $14.69 $9.31 35% 0% 4 450 88%
$30.00 $13.82 $10.20 20% 25% 4 400 124%
$29.00 $11.20 $11.21 21% 75% 4 400 173%
$31.00 $14.83 $13.30 9% 0% 1 300 79%
$30.00 $11.91 $13.30 14% 0% 1 300 79%

$24.75 $7.96 $4.17 50% 77% 9 800 176%

$15.95 $4.36 $1.35 60% 56% 10 1,700 154%
$36.50 $14.08 $3.90 49% 37% 8 400 136%
$27.99 $12.29 $9.69 10% 12% 3 200 111%
$16.95 $4.98 $1.41 61% 88% 10 700 186%
$34.90 $14.22 $5.38 43% 55% 7 500 153%
$25.99 $8.19 $4.14 53% 72% 9 650 170%

$23.99 $8.60 $9.68 11% 0% 4 1,750 85%

$16.99 $4.60 $4.93 43% 65% 8 1,320 160%
$37.49 $15.02 $11.06 31% 0% 3 440 43%
$30.99 $14.04 $11.94 15% 20% 3 750 116%
$26.99 $0.00 $0.00 -4% 0% 1 2 0%

$25.99 $8.21 $3.56 52% 0% 9 1,340 83%

$16.99 $4.42 $2.52 55% 15% 9 1,800 114%
$37.49 $13.59 $8.48 41% 66% 6 420 165%
$31.99 $13.20 $8.39 32% 59% 6 525 158%
$32.49 $10.70 $8.83 39% 100% 6 500 199%

$26.00 $9.40 $7.50 31% 0% 5 1,800 44%

$17.50 $5.48 $6.96 24% 31% 6 1,400 130%
$37.00 $12.50 $7.50 42% 0% 5 900 21%
$32.00 $13.65 $7.50 35% 0% 5 600 91%
$32.00 $11.21 $6.25 48% 0% 6 600 84%
$38.50 $0.00 $0.00 0% 0% 7 400 0%

$26.50 $9.25 $7.41 36% 48% 5 1,300 147%

$17.00 $5.29 $6.42 27% 0% 5 1,400 57%
$28.00 $10.33 $9.24 29% 97% 4 300 195%
$32.50 $13.70 $8.79 29% 58% 4 450 156%
$32.00 $11.78 $9.85 32% 47% 3 450 145%
$38.00 $14.94 $10.22 34% 69% 3 450 167%
$40.00 $0.00 $0.00 0% 0% 1 300 0%
$0.00 $0.00 $0.00 0% 0% 1 300 0%
 Market Units Sold to Revision List
Name Stock Out Pfmn Coord Size Coord MTBF
Share Seg
Date Price
Fast 20% 1,930 10/7/2025 YES 7.5 12.4 $26.50 17500
Eat 17% 1,659 11/17/2025 YES 7.8 12.4 $26.00 19000
Daze 16% 1,547 8/20/2026 YES 6.8 13.1 $25.99 17000
Baker 14% 1,352 2/13/2027 YES 7.1 12.9 $24.75 14000
Bakery 10% 1,006 5/18/2026 YES 7.3 12.5 $25.99 14000
Cake 8% 785 3/26/2024 6.6 13.5 $23.99 17500
Able 6% 604 4/5/2025 YES 6.1 13.6 $18.00 18001
Fist 6% 584 1/3/2026 YES 8 12 $28.00 20000
Cap 2% 235 3/24/2024 YES 9 10.5 $26.99 24000
Bold 0% 42 12/9/2028 9.4 15 $27.99 27000
Egg 0% 4 11/27/2026 YES 5.5 7 $32.00 19000
 Cust.
Promo Cust. Aware- Sales Dec. Cust.
Age Dec.31 Access-
Budget Survey
Budget ness ibility
2.58 $1,400 90% $2,650 94% 38
3.01 $2,000 100% $2,500 79% 32
2.01 $1,200 95% $2,000 73% 37
3.46 $1,400 100% $1,700 92% 11
1.77 $1,500 100% $1,700 92% 40
3.85 $1,500 91% $2,000 63% 6
4.01 $1,000 76% $1,500 60% 6
2.53 $1,500 76% $2,650 94% 39
3.17 $0 44% $0 63% 14
6.08 $200 11% $0 92% 0
1.55 $1,800 100% $1,800 79% 0
 Units Sold to Revision List
Name Market Share Stock Out Pfmn Coord Size Coord MTBF
Seg
Date Price
Fast 20% 1,930 10/7/2025 YES 7.5 12.4 $26.50 17500
Eat 17% 1,659 11/17/2025 YES 7.8 12.4 $26.00 19000
Daze 16% 1,547 8/20/2026 YES 6.8 13.1 $25.99 17000
Baker 14% 1,352 2/13/2027 YES 7.1 12.9 $24.75 14000
Bakery 10% 1,006 5/18/2026 YES 7.3 12.5 $25.99 14000
Cake 8% 785 3/26/2024 6.6 13.5 $23.99 17500
Able 6% 604 4/5/2025 YES 6.1 13.6 $18.00 18001
Fist 6% 584 1/3/2026 YES 8 12 $28.00 20000
Cap 2% 235 3/24/2024 YES 9 10.5 $26.99 24000
Bold 0% 42 12/9/2028 9.4 15 $27.99 27000
Egg 0% 4 11/27/2026 YES 5.5 7 $32.00 19000
Cedar 16% 2,128 1/29/2026 YES 3.5 16.5 $16.99 12000
Ebb 16% 2,105 2/11/2025 4.5 16 $17.50 14000
Bead 15% 1,990 10/1/2028 3 17 $15.95 12500
Dell 15% 1,900 8/19/2026 3.4 16.6 $16.99 12500
Feat 11% 1,438 6/23/2025 YES 3.7 16.3 $17.00 14000
Acre 10% 1,277 2/13/2025 YES 3.2 16 $15.00 12001
Bac 9% 1,119 4/2/2023 YES 4 16 $16.95 12000
Able 5% 649 4/5/2025 YES 6.1 13.6 $18.00 18001
Cake 1% 185 3/26/2024 6.6 13.5 $23.99 17500
Baker 0% 54 2/13/2027 YES 7.1 12.9 $24.75 14000
Daze 0% 53 8/20/2026 YES 6.8 13.1 $25.99 17000
Bakery 0% 14 5/18/2026 YES 7.3 12.5 $25.99 14000
Bider 18% 767 8/1/2025 YES 10.5 9 $34.90 25500
FIST2 18% 753 3/8/2026 YES 12.8 7 $38.00 23000
Duck 16% 686 3/14/2026 YES 11.9 8.1 $37.49 23000
Bid 16% 683 1/23/2026 YES 11.5 8.4 $36.50 23000
Adam 12% 483 7/24/2026 YES 11.5 8.4 $37.00 25000
Echo 9% 388 6/9/2025 YES 10.5 9.7 $37.00 23000
Cid 9% 383 11/18/2026 YES 13 7.5 $37.49 23000
Cap 1% 55 3/24/2024 YES 9 10.5 $26.99 24000
Coat 23% 841 10/28/2025 12.4 13.9 $30.99 27000
Dot 23% 830 3/22/2026 YES 12.2 13.8 $31.99 27000
Foam 18% 654 9/8/2025 12.5 13.5 $32.50 26000
Edge 15% 548 6/10/2026 YES 13 13.5 $32.00 27000
Aft 13% 495 7/16/2026 YES 12 14 $30.00 27000
Aft_x2 6% 238 6/7/2026 YES 13.6 13 $31.00 27000
Bold 2% 83 12/9/2028 9.4 15 $27.99 27000
Dune 29% 845 1/3/2026 YES 5.4 8 $32.49 19000
Agape 24% 693 1/7/2026 YES 5.3 7.6 $29.00 18000
Fume 22% 654 11/15/2025 YES 6 7 $32.00 19000
Egg 17% 503 11/27/2026 YES 5.5 7 $32.00 19000
AgapeX 8% 238 5/25/2026 YES 6.4 6.6 $30.00 18000
 Cust.
Promo Cust. Aware- Dec. Cust.
Age Dec.31 Sales Budget Access-
Survey
Budget ness ibility
2.58 $1,400 90% $2,650 94% 38
3.01 $2,000 100% $2,500 79% 32
2.01 $1,200 95% $2,000 73% 37
3.46 $1,400 100% $1,700 92% 11
1.77 $1,500 100% $1,700 92% 40
3.85 $1,500 91% $2,000 63% 6
4.01 $1,000 76% $1,500 60% 6
2.53 $1,500 76% $2,650 94% 39
3.17 $0 44% $0 63% 14
6.08 $200 11% $0 92% 0
1.55 $1,800 100% $1,800 79% 0
6.37 $1,500 91% $3,000 79% 39
5.38 $2,000 100% $2,000 72% 42
9.6 $1,400 100% $1,900 93% 26
3.74 $1,200 95% $2,000 83% 28
3.05 $1,400 99% $2,650 80% 29
6.95 $1,000 76% $1,500 79% 44
3.9 $3,000 76% $1,700 93% 32
4.01 $1,000 76% $1,500 79% 18
3.85 $1,500 91% $2,000 79% 4
3.46 $1,400 100% $1,700 93% 2
2.01 $1,200 95% $2,000 83% 1
1.77 $1,500 100% $1,700 93% 0
3.1 $1,400 97% $1,700 77% 10
1.28 $1,350 89% $2,500 82% 41
1.5 $1,200 92% $2,000 72% 23
2.74 $1,400 98% $1,700 77% 12
1.61 $1,000 76% $2,000 62% 19
2.86 $1,500 85% $1,300 61% 5
1.85 $1,500 91% $2,000 62% 30
3.17 $0 44% $0 62% 0
2.44 $1,500 91% $2,000 53% 30
1.66 $2,000 96% $3,000 70% 39
2.49 $1,200 82% $1,800 60% 23
1.6 $1,800 100% $2,000 65% 46
1.77 $1,000 74% $2,000 85% 35
0.97 $1,000 53% $2,000 85% 47
6.08 $200 11% $0 6% 1
1.69 $1,200 93% $3,000 74% 20
1.75 $1,000 74% $2,000 86% 17
2.36 $1,200 85% $1,900 65% 15
1.55 $1,800 100% $1,800 61% 20
1.08 $1,000 53% $2,000 86% 22
 Market Units Sold to Revision List
Name Stock Out Pfmn Coord Size Coord MTBF
Share Seg
Date Price
Cedar 16% 2,128 1/29/2026 YES 3.5 16.5 $16.99 12000
Ebb 16% 2,105 2/11/2025 4.5 16 $17.50 14000
Bead 15% 1,990 10/1/2028 3 17 $15.95 12500
Dell 15% 1,900 8/19/2026 3.4 16.6 $16.99 12500
Feat 11% 1,438 6/23/2025 YES 3.7 16.3 $17.00 14000
Acre 10% 1,277 2/13/2025 YES 3.2 16 $15.00 12001
Bac 9% 1,119 4/2/2023 YES 4 16 $16.95 12000
Able 5% 649 4/5/2025 YES 6.1 13.6 $18.00 18001
Cake 1% 185 3/26/2024 6.6 13.5 $23.99 17500
Baker 0% 54 2/13/2027 YES 7.1 12.9 $24.75 14000
Daze 0% 53 8/20/2026 YES 6.8 13.1 $25.99 17000
Bakery 0% 14 5/18/2026 YES 7.3 12.5 $25.99 14000
 Cust.
Promo Cust. Aware- Sales Dec. Cust.
Age Dec.31 Access-
Budget Survey
Budget ness ibility
6.37 $1,500 91% $3,000 79% 39
5.38 $2,000 100% $2,000 72% 42
9.6 $1,400 100% $1,900 93% 26
3.74 $1,200 95% $2,000 83% 28
3.05 $1,400 99% $2,650 80% 29
6.95 $1,000 76% $1,500 79% 44
3.9 $3,000 76% $1,700 93% 32
4.01 $1,000 76% $1,500 79% 18
3.85 $1,500 91% $2,000 79% 4
3.46 $1,400 100% $1,700 93% 2
2.01 $1,200 95% $2,000 83% 1
1.77 $1,500 100% $1,700 93% 0
 Market Units Sold to Revision List
Name Stock Out Pfmn Coord Size Coord MTBF
Share Seg
Date Price
Bider 18% 767 8/1/2025 YES 10.5 9 $34.90 25500
FIST2 18% 753 3/8/2026 YES 12.8 7 $38.00 23000
Duck 16% 686 3/14/2026 YES 11.9 8.1 $37.49 23000
Bid 16% 683 1/23/2026 YES 11.5 8.4 $36.50 23000
Adam 12% 483 7/24/2026 YES 11.5 8.4 $37.00 25000
Echo 9% 388 6/9/2025 YES 10.5 9.7 $37.00 23000
Cid 9% 383 11/18/2026 YES 13 7.5 $37.49 23000
Cap 1% 55 3/24/2024 YES 9 10.5 $26.99 24000
 Cust.
Promo Cust. Aware- Sales Dec. Cust.
Age Dec.31 Access-
Budget Survey
Budget ness ibility
3.1 $1,400 97% $1,700 77% 10
1.28 $1,350 89% $2,500 82% 41
1.5 $1,200 92% $2,000 72% 23
2.74 $1,400 98% $1,700 77% 12
1.61 $1,000 76% $2,000 62% 19
2.86 $1,500 85% $1,300 61% 5
1.85 $1,500 91% $2,000 62% 30
3.17 $0 44% $0 62% 0
 Market Units Sold to Revision List
Name Stock Out Pfmn Coord Size Coord MTBF
Share Seg
Date Price
Coat 23% 841 10/28/2025 12.4 13.9 $30.99 27000
Dot 23% 830 3/22/2026 YES 12.2 13.8 $31.99 27000
Foam 18% 654 9/8/2025 12.5 13.5 $32.50 26000
Edge 15% 548 6/10/2026 YES 13 13.5 $32.00 27000
Aft 13% 495 7/16/2026 YES 12 14 $30.00 27000
Aft_x2 6% 238 6/7/2026 YES 13.6 13 $31.00 27000
Bold 2% 83 12/9/2028 9.4 15 $27.99 27000
 Cust.
Promo Cust. Aware- Sales Dec. Cust.
Age Dec.31 Access-
Budget Survey
Budget ness ibility
2.44 $1,500 91% $2,000 53% 30
1.66 $2,000 96% $3,000 70% 39
2.49 $1,200 82% $1,800 60% 23
1.6 $1,800 100% $2,000 65% 46
1.77 $1,000 74% $2,000 85% 35
0.97 $1,000 53% $2,000 85% 47
6.08 $200 11% $0 6% 1
 Market Units Sold to Revision List
Name Stock Out Pfmn Coord Size Coord MTBF
Share Seg
Date Price
Dune 29% 845 1/3/2026 YES 5.4 8 $32.49 19000
Agape 24% 693 1/7/2026 YES 5.3 7.6 $29.00 18000
Fume 22% 654 11/15/2025 YES 6 7 $32.00 19000
Egg 17% 503 11/27/2026 YES 5.5 7 $32.00 19000
AgapeX 8% 238 5/25/2026 YES 6.4 6.6 $30.00 18000
 Cust.
Promo Cust. Aware- Sales Dec. Cust.
Age Dec.31 Access-
Budget Survey
Budget ness ibility
1.69 $1,200 93% $3,000 74% 20
1.75 $1,000 74% $2,000 86% 17
2.36 $1,200 85% $1,900 65% 15
1.55 $1,800 100% $1,800 61% 20
1.08 $1,000 53% $2,000 86% 22