Round: 5

Dec. 31, C133484

2026
Andrews Baldwin Chester
Naman Arora Pallavi Chakraborty Kanika Agrawal
Varun Bhalla Jitesh Gupta Bhumika Bhatia
Himanshu Parakh Vinay M Maharaj Prateek Bichpuriya
Sai Avanthika Revan Ayush Mishra SOURAV MORE
Aswin Shaji Shivani Prakash Priyanshu Tiwari

Digby Erie Ferris

Khushi Agarwal Gunjan Agarwal
Rashi Chhaparwal Aman Gahlot
Febina K Maitry Joshi
Kunal Pagey Ritesh Kumar
Akshay S Jayaraj Sushant Yadav
SREERAM THEJAS

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS 7.9% 4.6% 3.4% 6.9% -2.0% -17.9%
Asset Turnover 0.84 1.06 0.84 1.14 1.10 0.76
ROA 6.6% 4.9% 2.9% 7.8% -2.2% -13.6%
Leverage 1.3 1.6 1.9 1.8 2.1 3.6
ROE 8.8% 7.8% 5.4% 13.9% -4.6% -48.7%
Emergency Loan $0 $0 $0 $0 $0 $0
Sales $152,501,650 $136,909,530 $122,179,804 $116,880,337 $98,071,899 $82,807,218
EBIT $22,573,841 $14,928,009 $13,181,230 $17,019,214 $2,678,840 ($15,315,392)
Profits $12,062,139 $6,325,633 $4,149,787 $8,016,368 ($1,941,387) ($14,851,318)
Cumulative Profit $23,215,977 ($288,595) $18,622,640 $12,835,571 ($7,732,799) ($25,291,539)
SG&A / Sales 20.2% 24.5% 27.2% 23.2% 27.1% 40.3%
Contrib. Margin % 52.3% 51.6% 56.0% 51.7% 37.1% 38.7%

CAPSTONE ® COURIER Page 1

 Round: 5
Stock & Bonds C133484 Dec. 31, 2026
Stock Market Summary
MarketCap Book Value
Company Close Change Shares EPS Dividend Yield P/E
($M) Per Share
Andrews $42.67 $10.75 4,157,144 $177 $32.92 $2.90 $0.00 0.0% 14.7
Baldwin $25.16 $10.96 3,815,934 $96 $21.22 $1.66 $0.00 0.0% 15.2
Chester $40.82 $2.15 2,520,517 $103 $30.74 $1.65 $0.75 1.8% 24.8
Digby $37.30 $20.67 2,027,938 $76 $28.40 $3.95 $0.00 0.0% 9.4
Erie $12.79 ($1.30) 2,400,000 $31 $17.61 ($0.81) $0.00 0.0% -15.8
Ferris $1.00 $0.00 3,320,320 $3 $9.19 ($4.47) $0.00 0.0% -0.2

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
12.9S2027 $10,197,575 12.1% 106.61 AAA 12.9S2027 $20,850,000 12.3% 104.93 BB
11.3S2032 $10,000,000 8.9% 126.64 AAA 11.5S2033 $5,000,000 9.5% 120.59 BB
6.3S2035 $7,500,000 6.1% 102.73 AAA 7.8S2035 $15,000,000 7.7% 101.27 BB
6.0S2036 $12,000,000 6.0% 100.74 AAA Erie
Baldwin 12.9S2027 $12,840,475 12.4% 103.96 CCC
12.9S2027 $13,904,327 12.2% 105.61 A 12.4S2033 $32,332,000 10.4% 119.39 CCC
11.3S2032 $11,000,000 9.3% 121.04 A Ferris
11.6S2033 $9,500,000 9.2% 125.42 A 12.9S2027 $20,850,000 12.6% 102.64 DDD
11.8S2034 $4,500,000 9.1% 129.37 A 11.4S2034 $5,335,285 10.6% 107.47 DDD
8.2S2035 $4,000,000 7.6% 108.51 A 8.6S2035 $8,534,477 9.4% 91.94 DDD
Chester 9.3S2036 $23,184,238 9.7% 95.70 DDD
12.9S2027 $20,850,000 12.3% 104.63 B
11.3S2032 $16,000,000 9.8% 115.77 B
12.3S2033 $3,000,000 10.0% 122.99 B
8.0S2035 $3,000,000 8.0% 100.63 B
7.8S2036 $20,000,000 7.9% 99.33 B

Next Year's Prime Rate4.00%

CAPSTONE ® COURIER Page 2
 Round: 5
Financial Summary C133484 Dec. 31, 2026
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $12,062 $6,326 $4,150 $8,016 ($1,941) ($14,851)
Adjustment for non-cash items:
Depreciation $15,193 $10,380 $10,887 $9,221 $7,204 $9,028
Extraordinary gains/losses/writeoffs $1,261 ($205) $0 $0 ($3,144) ($2,515)
Changes in current assets and liablilities
Accounts payable ($360) $400 $197 $729 ($3,659) ($1,424)
Inventory ($513) $5,347 ($6,595) $6,471 $14,991 $2,357
Accounts Receivable ($365) ($2,118) $316 $748 ($2,208) $1,592
Net cash from operations $27,279 $20,130 $8,955 $25,185 $11,244 ($5,813)

Cash flows from investing activities

Plant improvements(net) ($29,360) ($1,090) ($9,600) ($18,190) $19,979 ($20,625)
Cash flows from financing activities
Dividends paid $0 $0 ($1,890) $0 $0 $0
Sales of common stock $3,000 $9,000 $2,000 $0 $0 $553
Purchase of common stock $0 $0 $0 $0 $0 $0
Cash from long term debt issued $12,000 $0 $20,000 $0 $0 $23,184
Early retirement of long term debt ($12,000) ($7,500) $0 $0 ($8,500) $0
Retirement of current debt ($402) ($13,900) ($13,900) ($13,900) ($12,629) ($27,513)
Cash from current debt borrowing $0 $0 $0 $0 $0 $17,023
Cash from emergency loan $0 $0 $0 $0 $0 $0

Net cash from financing activities $2,598 ($12,400) $6,210 ($13,900) ($21,129) $13,248

Net change in cash position $517 $6,640 $5,564 ($6,905) $10,094 ($13,190)
Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $13,237 $16,775 $33,146 $11,692 $10,094 $2,822
Accounts Receivable $12,534 $11,253 $10,042 $9,607 $16,121 $6,806
Inventory $10,344 $4,298 $8,905 $1,990 $4,813 $13,160
Total Current Assets $36,115 $32,326 $52,094 $23,289 $31,028 $22,788

Plant and equipment $227,900 $155,700 $163,300 $138,310 $108,060 $135,420

Accumulated Depreciation ($81,540) ($59,193) ($70,187) ($59,070) ($49,762) ($48,928)
Total Fixed Assets $146,360 $96,508 $93,113 $79,240 $58,298 $86,492

Total Assets $182,475 $128,833 $145,207 $102,529 $89,326 $109,280

Accounts Payable $5,920 $4,964 $4,871 $4,090 $1,894 $3,847

Current Debt $0 $0 $0 $0 $0 $17,023
Total Current Liabilities $5,920 $4,964 $4,871 $4,090 $1,894 $20,870

Long Term Debt $39,698 $42,904 $62,850 $40,850 $45,172 $57,904

Total Liabilities $45,618 $47,869 $67,721 $44,940 $47,066 $78,774

Common Stock $89,925 $55,860 $35,360 $19,360 $26,807 $34,531

Retained Earnings $46,932 $25,105 $42,126 $38,229 $15,453 ($4,025)
Total Equity $136,858 $80,965 $77,486 $57,589 $42,259 $30,506

Total Liabilities & Owners Equity $182,475 $128,833 $145,207 $102,529 $89,326 $109,280

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $152,502 $136,910 $122,180 $116,880 $98,072 $82,807
Variable Costs(Labor,Material,Carry) $72,759 $66,262 $53,743 $56,476 $61,653 $50,740
Contribution Margin $79,743 $70,648 $68,437 $60,404 $36,419 $32,067
Depreciation $15,193 $10,380 $10,887 $9,221 $7,204 $9,028
SGA(R&D,Promo,Sales,Admin) $30,785 $33,482 $33,268 $27,165 $26,552 $33,383
Other(Fees,Writeoffs,TQM,Bonuses) $11,191 $11,858 $11,100 $7,000 ($16) $4,972
EBIT $22,574 $14,928 $13,181 $17,019 $2,679 ($15,315)
Interest(Short term,Long term) $3,638 $4,998 $6,667 $4,435 $5,666 $7,533
Taxes $6,628 $3,476 $2,280 $4,405 ($1,045) ($7,997)
Profit Sharing $246 $129 $85 $164 $0 $0
Net Profit $12,062 $6,326 $4,150 $8,016 ($1,941) ($14,851)
CAPSTONE ® COURIER Page 3
 Round: 5
Production Analysis C133484 Dec. 31, 2026

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.
Able Trad 1,441 109 8/21/2026 1.5 15000 7.5 12.5 $25.69 $7.67 $2.33 61% 40% 10.0 1,100 139%
Acre Low 1,908 492 11/17/2026 4.9 12000 3.5 16.5 $16.25 $4.16 $1.18 66% 46% 10.0 1,500 144%
Adam High 424 26 7/14/2026 1.4 25000 12.8 7.2 $37.48 $13.91 $4.61 49% 0% 8.0 450 74%
Aft Pfmn 546 53 6/24/2026 1.5 27000 14.1 12.7 $32.25 $13.46 $5.54 40% 21% 8.0 450 120%
Agape Size 480 69 7/6/2026 1.5 21000 7.2 5.8 $32.48 $11.88 $4.61 47% 0% 8.0 450 96%
Aston High 445 204 8/4/2026 1.3 25000 13.2 6.7 $37.49 $14.21 $4.83 46% 11% 8.0 500 110%
Audi Low 1,100 0 2/17/2024 2.9 12000 4.0 15.9 $16.99 $4.53 $5.80 38% 39% 8.0 1,000 138%

Baker Trad 1,660 0 10/16/2026 1.4 19000 7.9 11.9 $24.49 $9.10 $2.44 54% 61% 9.0 900 160%
Bead Low 2,340 0 12/26/2026 4.8 15040 3.5 16.4 $13.49 $5.02 $1.20 60% 50% 10.0 1,250 149%
Bid High 405 20 8/31/2026 1.3 25000 13.0 6.9 $37.48 $14.13 $5.35 47% 46% 7.0 250 145%
Bold Pfmn 497 28 9/10/2026 1.4 27000 14.2 12.7 $32.24 $13.56 $5.47 41% 58% 7.0 300 157%
Buddy Size 391 106 9/5/2026 1.4 21000 7.2 5.7 $32.48 $11.96 $5.58 44% 71% 7.0 275 169%
Black Size 394 87 9/5/2026 1.2 21000 7.2 5.7 $32.48 $11.96 $5.58 45% 71% 7.0 275 169%
Bund Trad 347 0 3/29/2026 0.8 15000 8.7 11.2 $22.99 $8.55 $1.26 56% 85% 10.0 500 139%

Cake Trad 1,893 166 8/10/2026 1.5 19000 8.0 12.0 $25.99 $9.06 $3.73 51% 73% 10.0 1,200 172%
Cedar Low 2,203 74 9/24/2026 2.8 13000 3.6 16.3 $16.15 $4.53 $1.28 64% 100% 10.0 1,150 198%
Cid High 332 209 11/23/2026 1.2 25000 12.6 7.4 $37.80 $13.77 $1.14 57% 27% 10.0 400 126%
Coat Pfmn 465 72 12/6/2026 1.3 27000 13.6 13.1 $32.15 $13.17 $1.13 54% 24% 10.0 400 123%
Cure Size 307 168 11/28/2026 1.3 21000 6.8 6.3 $32.20 $11.58 $1.08 57% 10% 10.0 400 109%

Daze Trad 1,642 27 9/9/2026 1.4 17000 8.3 11.6 $26.16 $8.86 $3.11 55% 51% 9.1 1,100 150%
Dell Low 1,866 0 9/15/2026 4.9 12500 3.6 16.7 $16.24 $4.31 $2.44 58% 40% 9.5 1,200 139%
Duck High 375 24 9/29/2026 1.2 25000 13.2 6.7 $37.50 $14.36 $4.29 46% 0% 10.0 250 78%
Dot Pfmn 504 31 8/11/2026 1.4 27000 14.2 12.6 $32.40 $13.67 $4.65 43% 100% 10.0 345 198%
Dune Size 407 34 7/27/2026 1.4 21000 7.3 5.7 $32.50 $12.06 $6.10 43% 40% 10.0 250 139%

Eat Trad 1,296 0 10/11/2026 1.5 16500 8.3 11.6 $26.00 $9.80 $5.19 41% 0% 7.0 1,150 96%
Ebb Low 1,198 287 7/9/2027 9.6 13000 2.8 17.1 $17.65 $4.52 $3.89 47% 0% 8.0 1,060 100%
Echo High 172 0 4/19/2026 1.5 25000 12.3 7.6 $37.49 $0.00 $0.00 34% 0% 5.0 100 0%
Edge Pfmn 330 5 8/10/2026 1.5 27000 14.4 12.6 $32.45 $15.44 $8.44 26% 0% 6.0 280 87%
Egg Size 297 38 7/8/2026 1.5 20000 7.3 5.7 $32.49 $13.24 $10.38 27% 0% 5.0 280 77%
Etc High 438 47 6/21/2026 1.3 25000 13.2 6.7 $37.49 $16.12 $9.09 31% 0% 5.0 400 95%

Fast Trad 338 105 6/17/2027 3.8 17500 6.6 13.5 $27.50 $8.36 $8.61 31% 0% 7.0 600 41%
Feat Low 671 183 5/28/2027 9.6 12000 2.8 17.1 $20.00 $4.04 $6.37 44% 8% 6.8 600 107%
Fist High 424 76 7/28/2026 1.3 25000 12.8 7.0 $37.50 $15.20 $7.38 38% 0% 5.0 500 79%
Foam Pfmn 394 117 7/31/2026 1.4 27000 14.9 12.4 $32.50 $15.08 $5.53 34% 0% 6.5 550 72%
Fume Size 284 112 7/27/2026 1.4 19000 8.0 5.6 $32.50 $12.61 $6.15 39% 0% 6.0 500 50%
Fox High 415 92 8/4/2026 1.1 25000 12.6 7.3 $37.50 $15.01 $6.15 42% 0% 6.0 600 99%
Fuel Size 203 57 6/24/2026 1.0 19000 8.0 5.6 $32.50 $12.61 $6.15 40% 0% 6.0 550 45%
Fluke 0 0 7/11/2026 0.5 25000 13.3 6.6 $37.50 $0.00 $0.00 0% 0% 6.0 500 0%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C133484 Round: 5
Dec. 31, 2026

Traditional Statistics
Total Industry Unit Demand 8,598
Actual Industry Unit Sales |8,598
Segment % of Total Industry |29.8%

Next Year's Segment Growth Rate |2.1%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $17.50 - 27.50 23%
3. Ideal Position Pfmn 8.3 Size 11.6 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
Cake 22% 1,891 8/10/2026 8.0 12.0 $25.99 19000 1.47 $1,400 100% $4,500 93% 66
Baker 19% 1,658 10/16/2026 YES 7.9 11.9 $24.49 19000 1.37 $1,500 100% $1,500 84% 59
Daze 19% 1,642 9/9/2026 8.3 11.6 $26.16 17000 1.42 $1,500 99% $3,000 81% 55
Able 17% 1,429 8/21/2026 7.5 12.5 $25.69 15000 1.50 $1,400 100% $3,000 90% 48
Eat 15% 1,293 10/11/2026 YES 8.3 11.6 $26.00 16500 1.45 $1,900 100% $2,500 72% 50
Bund 4% 347 3/29/2026 YES 8.7 11.2 $22.99 15000 0.76 $2,000 70% $1,500 84% 27
Fast 4% 338 6/17/2027 6.6 13.5 $27.50 17500 3.80 $2,000 100% $1,687 61% 5

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C133484 Round: 5
Dec. 31, 2026

Low End Statistics

Total Industry Unit Demand 11,305
Actual Industry Unit Sales |11,305
Segment % of Total Industry |39.2%

Next Year's Segment Growth Rate |5.2%

Low End Customer Buying Criteria
Expectations Importance
1. Price $12.50 - 22.50 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 4.0 Size 15.9 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
Bead 21% 2,340 12/26/2026 YES 3.5 16.4 $13.49 15040 4.80 $1,700 100% $3,000 82% 76
Cedar 19% 2,203 9/24/2026 3.6 16.3 $16.15 13000 2.83 $1,400 100% $3,000 89% 41
Acre 17% 1,908 11/17/2026 3.5 16.5 $16.25 12000 4.86 $1,400 100% $2,000 91% 48
Dell 17% 1,866 9/15/2026 YES 3.6 16.7 $16.24 12500 4.94 $1,500 99% $3,000 79% 46
Ebb 11% 1,198 7/9/2027 2.8 17.1 $17.65 13000 9.60 $1,700 96% $2,300 68% 19
Audi 10% 1,100 2/17/2024 YES 4.0 15.9 $16.99 12000 2.87 $1,850 100% $1,000 91% 34
Feat 6% 671 5/28/2027 2.8 17.1 $20.00 12000 9.60 $2,000 100% $1,687 54% 10
Able 0% 11 8/21/2026 7.5 12.5 $25.69 15000 1.50 $1,400 100% $3,000 91% 0
Eat 0% 3 10/11/2026 YES 8.3 11.6 $26.00 16500 1.45 $1,900 100% $2,500 68% 0
Baker 0% 3 10/16/2026 YES 7.9 11.9 $24.49 19000 1.37 $1,500 100% $1,500 82% 0
Cake 0% 2 8/10/2026 8.0 12.0 $25.99 19000 1.47 $1,400 100% $4,500 89% 0

CAPSTONE ® COURIER Page 6

High End Segment Analysis C133484 Round: 5
Dec. 31, 2026

High End Statistics

Total Industry Unit Demand 3,430
Actual Industry Unit Sales |3,430
Segment % of Total Industry |11.9%

Next Year's Segment Growth Rate |6.8%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 13.2 Size 6.7 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $27.50 - 37.50 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
Aston 13% 445 8/4/2026 13.2 6.7 $37.49 25000 1.27 $1,400 100% $1,250 91% 73
Etc 13% 438 6/21/2026 13.2 6.7 $37.49 25000 1.35 $1,700 94% $1,900 91% 68
Fist 12% 424 7/28/2026 12.8 7.0 $37.50 25000 1.33 $2,200 100% $1,687 90% 68
Adam 12% 424 7/14/2026 12.8 7.2 $37.48 25000 1.37 $1,400 100% $1,500 91% 67
Fox 12% 415 8/4/2026 12.6 7.3 $37.50 25000 1.13 $2,100 100% $1,807 90% 68
Bid 12% 405 8/31/2026 13.0 6.9 $37.48 25000 1.29 $1,500 99% $3,000 79% 72
Duck 11% 375 9/29/2026 13.2 6.7 $37.50 25000 1.23 $1,500 98% $3,000 75% 72
Cid 10% 332 11/23/2026 12.6 7.4 $37.80 25000 1.24 $1,400 100% $4,500 92% 66
Echo 5% 172 4/19/2026 YES 12.3 7.6 $37.49 25000 1.49 $1,200 80% $1,400 91% 46

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C133484 Round: 5
Dec. 31, 2026

Performance Statistics
Total Industry Unit Demand 2,737
Actual Industry Unit Sales |2,737
Segment % of Total Industry |9.5%

Next Year's Segment Growth Rate |7.5%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 14.2 Size 12.6 29%
3. Price $22.50 - 32.50 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
Aft 20% 546 6/24/2026 14.1 12.7 $32.25 27000 1.51 $1,400 100% $3,000 84% 77
Dot 18% 504 8/11/2026 14.2 12.6 $32.40 27000 1.41 $1,500 99% $3,000 74% 72
Bold 18% 497 9/10/2026 14.2 12.7 $32.24 27000 1.36 $1,750 100% $3,000 76% 74
Coat 17% 465 12/6/2026 13.6 13.1 $32.15 27000 1.30 $1,400 99% $4,500 89% 75
Foam 14% 394 7/31/2026 14.9 12.4 $32.50 27000 1.36 $2,000 100% $1,687 56% 57
Edge 12% 330 8/10/2026 14.4 12.6 $32.45 27000 1.49 $1,400 79% $1,700 44% 48

CAPSTONE ® COURIER Page 8

Size Segment Analysis C133484 Round: 5
Dec. 31, 2026

Size Statistics
Total Industry Unit Demand 2,763
Actual Industry Unit Sales |2,763
Segment % of Total Industry |9.6%

Next Year's Segment Growth Rate |8.0%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 7.3 Size 5.7 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $22.50 - 32.50 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
Agape 17% 480 7/6/2026 7.2 5.8 $32.48 21000 1.46 $1,400 100% $3,000 87% 96
Dune 15% 407 7/27/2026 7.3 5.7 $32.50 21000 1.44 $1,500 98% $3,000 76% 90
Black 14% 394 9/5/2026 7.2 5.7 $32.48 21000 1.24 $1,750 100% $1,500 84% 87
Buddy 14% 391 9/5/2026 7.2 5.7 $32.48 21000 1.37 $1,750 100% $1,500 84% 88
Cure 11% 307 11/28/2026 6.8 6.3 $32.20 21000 1.30 $1,400 99% $4,500 90% 77
Egg 11% 297 7/8/2026 7.3 5.7 $32.49 20000 1.52 $1,600 90% $1,800 54% 64
Fume 10% 284 7/27/2026 8.0 5.6 $32.50 19000 1.36 $2,100 100% $1,687 73% 57
Fuel 7% 202 6/24/2026 8.0 5.6 $32.50 19000 1.02 $2,100 94% $1,807 73% 53

CAPSTONE ® COURIER Page 9

 Round: 5
Market Share C133484 Dec. 31, 2026

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 8,598 11,305 3,430 2,737 2,763 28,834 Units Demanded 8,598 11,305 3,430 2,737 2,763 28,834
% of Market 29.8% 39.2% 11.9% 9.5% 9.6% 100.0% % of Market 29.8% 39.2% 11.9% 9.5% 9.6% 100.0%

Able 16.6% 5.0% Able 16.0% 4.8%

Acre 16.9% 6.6% Acre 15.7% 6.1%
Adam 12.4% 1.5% Adam 11.7% 1.4%
Aft 20.0% 1.9% Aft 20.0% 1.9%
Agape 17.4% 1.7% Agape 17.4% 1.7%
Aston 13.0% 1.5% Aston 12.4% 1.5%
Audi 9.7% 3.8% Audi 11.6% 4.6%
Total 16.6% 26.7% 25.3% 20.0% 17.4% 22.0% Total 16.0% 27.4% 24.1% 20.0% 17.4% 21.9%

Baker 19.3% 5.8% Baker 18.5% 5.5%

Bead 20.7% 8.1% Bead 22.4% 8.8%
Bid 11.8% 1.4% Bid 11.2% 1.3%
Bold 18.2% 1.7% Bold 18.2% 1.7%
Buddy 14.2% 1.4% Buddy 14.2% 1.4%
Black 14.3% 1.4% Black 14.3% 1.4%
Bund 4.0% 1.2% Bund 4.9% 1.5%
Total 23.3% 20.7% 11.8% 18.2% 28.4% 20.9% Total 23.4% 22.4% 11.2% 18.2% 28.4% 21.6%

Cake 22.0% 6.6% Cake 21.1% 6.3%

Cedar 19.5% 7.6% Cedar 18.3% 7.2%
Cid 9.7% 1.1% Cid 9.3% 1.1%
Coat 17.0% 1.6% Coat 17.0% 1.6%
Cure 11.1% 1.1% Cure 11.1% 1.1%
Total 22.0% 19.5% 9.7% 17.0% 11.1% 18.0% Total 21.1% 18.3% 9.3% 17.0% 11.1% 17.3%

Daze 19.1% 5.7% Daze 18.3% 5.5%

Dell 16.5% 6.5% Dell 16.3% 6.4%
Duck 10.9% 1.3% Duck 10.4% 1.2%
Dot 18.4% 1.8% Dot 18.4% 1.7%
Dune 14.7% 1.4% Dune 14.7% 1.4%
Total 19.1% 16.5% 10.9% 18.4% 14.7% 16.6% Total 18.3% 16.3% 10.4% 18.4% 14.7% 16.3%

Eat 15.0% 4.5% Eat 17.3% 5.2%

Ebb 10.6% 4.2% Ebb 10.0% 3.9%
Echo 5.0% 0.6% Echo 9.7% 1.1%
Edge 12.1% 1.1% Edge 12.1% 1.1%
Egg 10.7% 1.0% Egg 10.7% 1.0%
Etc 12.8% 1.5% Etc 12.1% 1.4%
Total 15.0% 10.6% 17.8% 12.1% 10.7% 12.9% Total 17.3% 10.0% 21.8% 12.1% 10.7% 13.9%

Fast 3.9% 1.2% Fast 3.8% 1.1%

Feat 5.9% 2.3% Feat 5.6% 2.2%
Fist 12.4% 1.5% Fist 11.7% 1.4%
Foam 14.4% 1.4% Foam 14.4% 1.4%
Fume 10.3% 1.0% Fume 10.3% 1.0%
Fox 12.1% 1.4% Fox 11.5% 1.4%
Fuel 7.3% 0.7% Fuel 7.3% 0.7%
Total 3.9% 5.9% 24.5% 14.4% 17.6% 9.5% Total 3.8% 5.6% 23.2% 14.4% 17.6% 9.2%

CAPSTONE ® COURIER Page 10

 Round: 5
Perceptual Map C133484 Dec. 31, 2026

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Able 7.5 12.5 8/21/2026 Baker 7.9 11.9 10/16/2026 Cake 8.0 12.0 8/10/2026
Acre 3.5 16.5 11/17/2026 Bead 3.5 16.4 12/26/2026 Cedar 3.6 16.3 9/24/2026
Adam 12.8 7.2 7/14/2026 Bid 13.0 6.9 8/31/2026 Cid 12.6 7.4 11/23/2026
Aft 14.1 12.7 6/24/2026 Bold 14.2 12.7 9/10/2026 Coat 13.6 13.1 12/6/2026
Agape 7.2 5.8 7/6/2026 Buddy 7.2 5.7 9/5/2026 Cure 6.8 6.3 11/28/2026
Aston 13.2 6.7 8/4/2026 Black 7.2 5.7 9/5/2026
Audi 4.0 15.9 2/17/2024 Bund 8.7 11.2 3/29/2026

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 8.3 11.6 9/9/2026 Eat 8.3 11.6 10/11/2026 Fast 6.6 13.5 6/17/2027
Dell 3.6 16.7 9/15/2026 Ebb 2.8 17.1 7/9/2027 Feat 2.8 17.1 5/28/2027
Duck 13.2 6.7 9/29/2026 Echo 12.3 7.6 4/19/2026 Fist 12.8 7.0 7/28/2026
Dot 14.2 12.6 8/11/2026 Edge 14.4 12.6 8/10/2026 Foam 14.9 12.4 7/31/2026
Dune 7.3 5.7 7/27/2026 Egg 7.3 5.7 7/8/2026 Fume 8.0 5.6 7/27/2026
Etc 13.2 6.7 6/21/2026 Fox 12.6 7.3 8/4/2026
Fuel 8.0 5.6 6/24/2026
Fluke 13.3 6.6 7/11/2026

CAPSTONE ® COURIER Page 11

 Round: 5
HR/TQM Report C133484 Dec. 31, 2026
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 369 251 191 236 316 311
Complement 370 251 191 236 316 311
1st Shift Complement 297 157 114 161 316 306
2nd Shift Complement 73 94 77 75 0 6
Overtime Percent 0.0% 0.2% 0.0% 0.3% 0.0% 0.0%
Turnover Rate 6.5% 6.7% 6.7% 6.8% 9.5% 8.3%
New Employees 24 17 13 16 30 26
Separated Employees 138 97 84 29 206 166
Recruiting Spend $5,000 $5,000 $5,000 $4,800 $0 $2,500
Training Hours 80 80 80 75 0 40
Productivity Index 118.4% 117.7% 117.3% 116.9% 101.5% 109.6%
Recruiting Cost $145 $100 $76 $94 $30 $90
Separation Cost $690 $485 $420 $145 $1,030 $830
Training Cost $592 $402 $306 $354 $0 $249
Total HR Admin Cost $1,427 $987 $802 $593 $1,060 $1,169
Labor Contract Next Year
Wages $26.81 $26.81 $26.81 $26.81 $26.81 $26.81
Benefits 2,500 2,500 2,500 2,500 2,500 2,500
Profit Sharing 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Annual Raise 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
Starting Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Ceiling Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Adjusted Labor Demands
Wages
Benefits
Profit Sharing
Annual Raise
Strike Days

TQM SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Process Mgt Budgets Last Year
CPI Systems $1,000 $1,500 $1,000 $1,000 $0 $0
VendorJIT $1,000 $1,500 $1,000 $0 $0 $0
Quality Initiative Training $1,000 $1,500 $1,000 $0 $1,500 $0
Channel Support Systems $1,000 $1,000 $1,000 $1,500 $1,500 $900
Concurrent Engineering $1,000 $1,000 $1,000 $0 $0 $900
UNEP Green Programs $1,000 $1,000 $1,000 $1,500 $0 $900

TQM Budgets Last Year

Benchmarking $0 $0 $1,000 $0 $0 $900
Quality Function Deployment Effort $1,000 $1,000 $1,000 $0 $0 $900
CCE/6 Sigma Training $1,000 $1,500 $1,000 $1,500 $0 $900
GEMI TQEM Sustainability Initiatives $1,000 $1,500 $1,000 $1,500 $0 $900
Total Expenditures $9,000 $11,500 $10,000 $7,000 $3,000 $6,300

Cumulative Impacts
Material Cost Reduction 11.80% 11.48% 11.80% 10.90% 0.00% 4.10%
Labor Cost Reduction 14.00% 13.57% 14.00% 11.00% 0.98% 3.03%
Reduction R&D Cycle Time 40.01% 40.01% 40.01% 40.01% 39.58% 39.36%
Reduction Admin Costs 36.12% 22.03% 60.02% 13.11% 0.00% 47.17%
Demand Increase 14.33% 14.40% 14.40% 13.52% 2.74% 12.62%

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: 5
C133484 Dec. 31, 2026
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: 5
Annual Report Andrews C133484
Dec. 31, 2026
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2026 2025
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 $13,237 7.3% $12,721
current value of your inventory across all products. A zero
Account Receivable $12,534 6.9% $12,169
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $10,344 5.7% $9,831
Equipment: The current value of your plant. Accum Total Current Assets $36,115 19.8% $34,721
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $227,900 125.0% $199,100
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($81,540) -44.7% ($66,993)
of operations. It includes emergency loans used to keep Total Fixed Assets $146,360 80.2% $132,107
your company solvent should you run out of cash during Total Assets $182,475 100.0% $166,827
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 $5,920 3.2% $6,280
instead of paying to shareholders as dividends.
Current Debt $0 0.0% $402
Long Term Debt $39,698 21.8% $38,350
Total Liabilities $45,618 25.0% $45,032

Common Stock $89,925 49.3% $86,925

Retained Earnings $46,932 25.7% $34,870
Total Equity $136,857 75.0% $121,795
Total Liab. & O. Equity $182,475 100.0% $166,827

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2026 2025
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) $12,062 $2,128
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $15,193 $13,273
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs $1,261 $401
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable ($360) ($1,676)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory ($513) $1,126
the report would show the increase in inventory as a huge negative cash
Accounts Receivable ($365) $785
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 $27,279 $16,039
afloat. Cash Flows from Investing Activities
Plant Improvements ($29,360) ($39,200)
Cash Flows from Financing Activities
Dividends paid $0 $0
Sales of common stock $3,000 $20,000
Purchase of common stock $0 $0
Cash from long term debt $12,000 $7,500
Retirement of long term debt ($12,000) ($7,687)
Change in current debt(net) ($402) $402
Net cash from financing activities $2,598 $20,215
Net change in cash position $517 ($2,946)
Closing cash position $13,237 $12,721

Annual Report Page 14

 Round: 5
Annual Report Andrews C133484
Dec. 31, 2026
2026 Income Statement
2026 Common
(Product Name) Able Acre Adam Aft Agape Aston Audi
Total
Size
Sales $37,012 $30,999 $15,889 $17,622 $15,600 $16,690 $18,690 $0 $152,502 100.0%
Variable Costs:
Direct Labor $3,396 $2,508 $2,168 $3,119 $2,428 $2,274 $6,383 $0 $22,276 14.6%
Direct Material $11,077 $7,637 $5,918 $7,389 $5,713 $6,322 $5,185 $0 $49,241 32.3%
Inventory Carry $131 $314 $59 $123 $140 $473 $0 $0 $1,241 0.8%
Total Variable $14,604 $10,459 $8,146 $10,631 $8,281 $9,069 $11,568 $0 $72,759 47.7%
Contribution Margin $22,408 $20,540 $7,743 $6,990 $7,319 $7,621 $7,122 $0 $79,743 52.3%
Period Costs:
Depreciation $3,373 $4,600 $1,140 $1,140 $1,140 $1,267 $2,533 $0 $15,193 10.0%
SG&A: R&D $647 $890 $539 $483 $519 $598 $0 $0 $3,676 2.4%
Promotions $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,850 $0 $10,250 6.7%
Sales $3,000 $2,000 $1,500 $3,000 $3,000 $1,250 $1,000 $0 $14,750 9.7%
Admin $512 $429 $220 $244 $216 $231 $259 $0 $2,109 1.4%
Total Period $8,932 $9,318 $4,799 $6,267 $6,274 $4,746 $5,642 $0 $45,978 30.2%
Net Margin $13,476 $11,221 $2,944 $723 $1,044 $2,876 $1,481 $0 $33,765 22.1%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $11,191 7.3%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $22,574 14.8%
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 $3,638 2.4%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $6,628 4.3%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $246 0.2%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $12,062 7.9%
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