Round: 6

Dec. 31, C133484

2027
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 13.2% 11.8% 5.8% 6.4% -4.9% -14.7%
Asset Turnover 0.72 0.99 0.65 1.07 1.23 0.81
ROA 9.6% 11.7% 3.8% 6.8% -6.0% -11.8%
Leverage 1.4 1.6 1.8 1.4 2.0 7.2
ROE 13.2% 18.6% 6.7% 9.5% -12.3% -84.7%
Emergency Loan $0 $0 $0 $0 $0 $0
Sales $149,161,706 $155,587,701 $107,689,712 $97,824,747 $94,629,299 $97,550,173
EBIT $34,556,163 $33,579,822 $15,549,021 $11,725,090 ($2,760,974) ($12,778,551)
Profits $19,713,314 $18,316,479 $6,256,468 $6,260,676 ($4,641,386) ($14,291,360)
Cumulative Profit $42,929,291 $18,027,884 $24,879,108 $19,096,247 ($12,374,186) ($39,582,899)
SG&A / Sales 20.4% 21.1% 27.6% 26.6% 24.1% 34.5%
Contrib. Margin % 56.3% 52.6% 56.4% 54.4% 36.6% 38.7%

CAPSTONE ® COURIER Page 1

 Round: 6
Stock & Bonds C133484 Dec. 31, 2027
Stock Market Summary
MarketCap Book Value
Company Close Change Shares EPS Dividend Yield P/E
($M) Per Share
Andrews $57.69 $15.02 4,157,144 $240 $35.91 $4.74 $1.75 3.0% 12.2
Baldwin $43.89 $18.73 3,776,188 $166 $26.03 $4.85 $0.00 0.0% 9.1
Chester $44.73 $3.91 2,765,492 $124 $33.90 $2.26 $0.00 0.0% 19.8
Digby $48.56 $11.27 2,081,564 $101 $31.63 $3.01 $0.00 0.0% 16.1
Erie $8.25 ($4.54) 2,400,000 $20 $15.67 ($1.93) $0.00 0.0% -4.3
Ferris $1.00 $0.00 3,984,384 $4 $4.24 ($3.59) $0.00 0.0% -0.3

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
11.3S2032 $9,898,636 9.7% 116.72 AA 11.5S2033 $4,997,511 9.6% 119.83 AA
6.3S2035 $7,500,000 6.7% 94.67 AA 7.8S2035 $15,000,000 7.6% 102.95 AA
6.0S2036 $12,000,000 6.5% 92.25 AA 7.6S2037 $2,000,000 7.4% 102.08 AA
5.9S2037 $22,000,000 6.5% 90.95 AA Erie
Baldwin 12.4S2033 $32,332,000 11.0% 112.34 CCC
11.3S2032 $11,000,000 10.0% 112.74 A Ferris
11.6S2033 $9,500,000 10.0% 116.13 A 11.4S2034 $5,335,285 11.5% 99.54 DDD
11.8S2034 $4,500,000 9.9% 119.20 A 8.6S2035 $8,534,477 10.1% 85.34 DDD
8.2S2035 $4,000,000 8.2% 100.57 A 9.3S2036 $23,184,238 10.6% 88.05 DDD
6.9S2037 $23,500,000 7.5% 91.98 A 10.0S2037 $26,289,362 10.9% 91.35 DDD
Chester
11.3S2032 $16,000,000 10.3% 110.19 BB
12.3S2033 $3,000,000 10.6% 116.30 BB
8.0S2035 $3,000,000 8.3% 96.08 BB
7.8S2036 $20,000,000 8.3% 94.54 BB
7.9S2037 $5,000,000 8.3% 94.80 BB

Next Year's Prime Rate5.20%

CAPSTONE ® COURIER Page 2
 Round: 6
Financial Summary C133484 Dec. 31, 2027
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $19,713 $18,316 $6,256 $6,261 ($4,641) ($14,291)
Adjustment for non-cash items:
Depreciation $17,327 $13,187 $9,967 $9,459 $6,452 $9,260
Extraordinary gains/losses/writeoffs $461 $780 ($210) $1,028 ($977) $0
Changes in current assets and liablilities
Accounts payable ($916) $1,254 ($1,649) ($420) ($42) $857
Inventory $3,448 ($2,839) $7,571 ($341) ($9,247) $1,111
Accounts Receivable $275 ($1,535) $1,191 $1,566 $566 ($1,212)
Net cash from operations $40,308 $29,164 $23,126 $17,553 ($7,890) ($4,275)

Cash flows from investing activities

Plant improvements(net) ($33,610) ($42,100) ($13,830) ($3,570) $7,332 ($3,480)
Cash flows from financing activities
Dividends paid ($7,275) $0 $0 $0 $0 $0
Sales of common stock $0 $1,000 $10,000 $2,000 $0 $664
Purchase of common stock $0 ($2,000) $0 $0 $0 $0
Cash from long term debt issued $22,000 $23,500 $5,000 $2,000 $0 $26,289
Early retirement of long term debt ($11,000) ($14,684) $0 ($21,880) ($8,000) $0
Retirement of current debt $0 $0 $0 $0 $0 ($17,023)
Cash from current debt borrowing $0 $0 $0 $0 $0 $14,974
Cash from emergency loan $0 $0 $0 $0 $0 $0

Net cash from financing activities $3,725 $7,816 $15,000 ($17,880) ($8,000) $24,905

Net change in cash position $10,423 ($5,120) $24,296 ($3,897) ($8,558) $17,150
Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $23,661 $11,655 $57,442 $7,795 $1,536 $19,972
Accounts Receivable $12,260 $12,788 $8,851 $8,040 $15,556 $8,018
Inventory $6,895 $7,136 $1,334 $2,331 $14,060 $12,048
Total Current Assets $42,816 $31,579 $67,627 $18,167 $31,151 $40,038

Plant and equipment $259,900 $197,800 $172,300 $141,880 $96,780 $138,900

Accumulated Depreciation ($97,017) ($72,379) ($75,113) ($68,529) ($50,984) ($58,188)
Total Fixed Assets $162,883 $125,421 $97,187 $73,351 $45,796 $80,712

Total Assets $205,699 $157,000 $164,814 $91,518 $76,947 $120,750

Accounts Payable $5,004 $6,218 $3,222 $3,671 $1,852 $4,704

Current Debt $0 $1 $20,850 $0 $5,145 $35,824
Total Current Liabilities $5,004 $6,219 $24,072 $3,671 $6,997 $40,528

Long Term Debt $51,399 $52,500 $47,000 $21,998 $32,332 $63,343

Total Liabilities $56,403 $58,719 $71,072 $25,668 $39,329 $103,872

Common Stock $89,925 $55,472 $45,360 $21,360 $26,807 $35,195

Retained Earnings $59,370 $42,809 $48,382 $44,490 $10,811 ($18,317)
Total Equity $149,296 $98,281 $93,742 $65,850 $37,618 $16,878

Total Liabilities & Owners Equity $205,699 $157,000 $164,814 $91,518 $76,947 $120,750

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $149,162 $155,588 $107,690 $97,825 $94,629 $97,550
Variable Costs(Labor,Material,Carry) $65,160 $73,673 $46,932 $44,601 $60,024 $59,787
Contribution Margin $84,002 $81,915 $60,758 $53,224 $34,605 $37,763
Depreciation $17,327 $13,187 $9,967 $9,459 $6,452 $9,260
SGA(R&D,Promo,Sales,Admin) $30,393 $32,893 $29,702 $25,984 $22,772 $33,634
Other(Fees,Writeoffs,TQM,Bonuses) $1,726 $2,256 $5,540 $6,056 $8,143 $7,648
EBIT $34,556 $33,580 $15,549 $11,725 ($2,761) ($12,779)
Interest(Short term,Long term) $3,609 $4,826 $5,727 $1,897 $4,380 $9,208
Taxes $10,831 $10,064 $3,438 $3,440 ($2,499) ($7,695)
Profit Sharing $402 $374 $128 $128 $0 $0
Net Profit $19,713 $18,316 $6,256 $6,261 ($4,641) ($14,291)
CAPSTONE ® COURIER Page 3
 Round: 6
Production Analysis C133484 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.
Able Trad 1,261 189 11/23/2027 1.3 15000 8.2 11.8 $24.69 $7.54 $1.16 64% 35% 10.0 1,000 134%
Acre Low 2,121 80 11/17/2026 5.9 12000 3.5 16.5 $14.99 $3.78 $1.09 66% 15% 10.0 1,500 114%
Adam High 386 88 9/29/2027 1.3 25000 13.7 6.2 $36.99 $13.70 $3.10 54% 1% 10.0 450 100%
Aft Pfmn 467 133 9/11/2027 1.4 27000 15.1 12.0 $31.49 $13.28 $3.36 45% 23% 10.0 500 121%
Agape Size 485 39 9/11/2027 1.4 21000 7.9 4.8 $31.99 $11.69 $3.12 53% 2% 10.0 450 101%
Aston High 468 32 9/19/2027 1.3 25000 14.1 5.8 $36.99 $13.96 $3.09 51% 0% 10.0 500 59%
Audi Low 1,600 0 2/17/2024 3.9 12000 4.0 15.9 $15.25 $4.12 $3.65 48% 62% 10.0 1,250 160%

Baker Trad 1,620 163 11/15/2027 1.2 19000 8.8 11.0 $24.24 $9.08 $2.58 53% 100% 10.0 900 198%
Bead Low 2,414 12 12/26/2027 2.9 15490 4.3 15.6 $14.49 $5.26 $1.28 58% 96% 10.0 1,350 194%
Bid High 443 52 10/7/2027 1.3 25000 14.1 5.8 $36.97 $14.01 $5.12 48% 92% 10.0 275 190%
Bold Pfmn 451 121 10/11/2027 1.3 27000 15.5 11.8 $31.60 $13.53 $5.07 40% 83% 10.0 325 182%
Buddy Size 391 62 10/11/2027 1.3 21000 8.1 4.4 $32.47 $11.93 $4.59 48% 27% 10.0 275 126%
Black Size 394 59 10/11/2027 1.2 21000 8.1 4.4 $32.47 $11.93 $4.67 48% 35% 10.0 275 133%
Bund Trad 990 0 1/22/2027 1.8 17500 8.7 11.2 $25.49 $8.58 $1.29 60% 100% 10.0 900 198%

Cake Trad 1,846 56 11/30/2027 1.3 19000 8.7 11.3 $24.00 $8.92 $1.20 57% 46% 10.0 1,200 145%
Cedar Low 2,252 0 10/29/2027 2.0 16000 4.0 15.9 $12.50 $5.18 $1.28 54% 91% 10.0 1,150 189%
Cid High 357 0 12/13/2027 1.1 25000 13.6 7.0 $34.99 $13.42 $1.04 58% 0% 10.0 300 50%
Coat Pfmn 428 39 12/20/2027 1.2 27000 14.6 12.6 $30.50 $12.97 $1.16 54% 33% 10.0 300 132%
Cure Size 303 17 12/23/2027 1.2 21000 7.7 5.6 $31.90 $11.33 $1.04 61% 0% 10.0 300 51%
Candy 0 0 6/17/2028 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 8.0 300 0%
Cap 0 0 6/12/2028 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 8.0 300 0%

Daze Trad 1,633 42 9/27/2027 1.3 17000 9.0 10.9 $24.05 $8.63 $2.31 55% 51% 9.1 1,100 150%
Dell Low 2,197 0 9/15/2026 5.9 12500 3.6 16.7 $12.50 $3.90 $1.91 52% 85% 9.5 1,200 183%
Duck High 103 0 9/30/2028 2.2 25000 13.2 6.7 $37.00 $13.42 $1.04 57% 0% 10.0 250 32%
Dot Pfmn 427 115 12/21/2027 1.2 27000 15.2 11.9 $32.00 $13.37 $1.21 53% 50% 8.5 345 148%
Dune Size 425 15 12/21/2027 1.2 21000 8.0 4.7 $32.00 $11.78 $1.24 59% 64% 8.5 250 162%

Eat Trad 1,389 278 7/27/2027 1.4 14000 9.0 10.9 $24.65 $8.57 $5.82 39% 67% 7.0 1,000 167%
Ebb Low 1,119 783 7/9/2027 5.5 12000 5.2 14.7 $16.35 $5.35 $4.33 39% 62% 8.0 1,000 162%
Edge Pfmn 354 57 6/18/2027 1.5 27000 15.2 11.9 $32.00 $14.62 $7.03 31% 45% 6.0 280 145%
Egg Size 358 0 6/21/2027 1.5 20000 8.0 4.7 $32.00 $12.59 $7.81 35% 14% 5.0 280 114%
Etc High 522 65 6/29/2027 1.4 25000 14.1 5.8 $37.00 $15.30 $8.56 34% 54% 5.0 350 154%

Fast Pfmn 414 87 6/17/2027 2.7 27000 15.8 12.1 $22.00 $14.30 $4.88 21% 0% 7.0 600 66%
Feat Pfmn 303 128 5/28/2027 5.6 27000 14.3 12.9 $22.00 $13.51 $5.13 36% 0% 7.0 600 41%
Fist High 471 99 7/25/2027 1.4 25000 13.8 6.1 $37.00 $14.53 $7.32 39% 0% 5.0 500 99%
Foam Pfmn 327 86 7/28/2027 1.4 27000 15.9 11.8 $32.00 $14.40 $5.49 35% 0% 6.5 550 54%
Fume Size 316 92 7/25/2027 1.4 19000 8.7 4.6 $32.00 $12.03 $6.10 41% 0% 6.0 500 59%
Fox High 436 102 8/2/2027 1.3 25000 13.5 6.4 $37.00 $14.33 $6.10 43% 0% 6.0 600 74%
Fuel Size 312 42 7/25/2027 1.2 19000 8.7 4.6 $32.00 $12.03 $6.10 42% 0% 6.0 550 54%
Fluke High 476 19 8/3/2027 0.9 25000 14.1 5.6 $37.00 $14.80 $6.10 44% 0% 6.0 600 99%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C133484 Round: 6
Dec. 31, 2027

Traditional Statistics
Total Industry Unit Demand 8,779
Actual Industry Unit Sales |8,779
Segment % of Total Industry |29.0%

Next Year's Segment Growth Rate |1.8%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $17.00 - 27.00 23%
3. Ideal Position Pfmn 9.0 Size 10.9 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 21% 1,843 11/30/2027 8.7 11.3 $24.00 19000 1.27 $1,400 100% $3,000 94% 62
Daze 19% 1,633 9/27/2027 9.0 10.9 $24.05 17000 1.34 $1,450 100% $3,000 86% 59
Baker 18% 1,619 11/15/2027 8.8 11.0 $24.24 19000 1.24 $1,400 100% $1,500 88% 56
Eat 16% 1,389 7/27/2027 9.0 10.9 $24.65 14000 1.44 $1,400 100% $2,700 78% 52
Able 14% 1,240 11/23/2027 8.2 11.8 $24.69 15000 1.30 $1,400 100% $3,000 92% 42
Bund 11% 990 1/22/2027 YES 8.7 11.2 $25.49 17500 1.76 $3,000 97% $1,500 88% 64
Fast 1% 65 6/17/2027 15.8 12.1 $22.00 27000 2.67 $2,000 100% $1,446 47% 0

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C133484 Round: 6
Dec. 31, 2027

Low End Statistics

Total Industry Unit Demand 11,893
Actual Industry Unit Sales |11,893
Segment % of Total Industry |39.3%

Next Year's Segment Growth Rate |1.7%

Low End Customer Buying Criteria
Expectations Importance
1. Price $12.00 - 22.00 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 4.5 Size 15.4 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 20% 2,414 12/26/2027 4.3 15.6 $14.49 15490 2.90 $1,400 100% $3,000 86% 55
Cedar 19% 2,252 10/29/2027 YES 4.0 15.9 $12.50 16000 2.00 $1,400 100% $3,000 91% 65
Dell 18% 2,197 9/15/2026 YES 3.6 16.7 $12.50 12500 5.94 $1,450 100% $3,000 84% 62
Acre 18% 2,121 11/17/2026 3.5 16.5 $14.99 12000 5.86 $1,400 100% $1,500 95% 47
Audi 13% 1,600 2/17/2024 YES 4.0 15.9 $15.25 12000 3.87 $1,400 100% $1,500 95% 45
Ebb 9% 1,119 7/9/2027 5.2 14.7 $16.35 12000 5.54 $1,630 100% $2,700 60% 41
Fast 1% 116 6/17/2027 15.8 12.1 $22.00 27000 2.67 $2,000 100% $1,446 61% 0
Feat 0% 48 5/28/2027 14.3 12.9 $22.00 27000 5.60 $2,000 100% $1,446 61% 0
Able 0% 21 11/23/2027 8.2 11.8 $24.69 15000 1.30 $1,400 100% $3,000 95% 0
Cake 0% 3 11/30/2027 8.7 11.3 $24.00 19000 1.27 $1,400 100% $3,000 91% 0
Baker 0% 1 11/15/2027 8.8 11.0 $24.24 19000 1.24 $1,400 100% $1,500 86% 0

CAPSTONE ® COURIER Page 6

High End Segment Analysis C133484 Round: 6
Dec. 31, 2027

High End Statistics

Total Industry Unit Demand 3,664
Actual Industry Unit Sales |3,664
Segment % of Total Industry |12.1%

Next Year's Segment Growth Rate |1.2%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 14.1 Size 5.8 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $27.00 - 37.00 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
Etc 14% 522 6/29/2027 14.1 5.8 $37.00 25000 1.43 $1,700 100% $2,500 89% 75
Fluke 13% 476 8/3/2027 14.1 5.6 $37.00 25000 0.94 $2,100 63% $1,687 95% 67
Fist 13% 471 7/25/2027 13.8 6.1 $37.00 25000 1.38 $2,200 100% $1,446 95% 70
Aston 13% 468 9/19/2027 14.1 5.8 $36.99 25000 1.27 $1,400 100% $1,500 92% 74
Bid 12% 443 10/7/2027 14.1 5.8 $36.97 25000 1.25 $1,400 100% $3,000 84% 76
Fox 12% 436 8/2/2027 13.5 6.4 $37.00 25000 1.27 $2,100 100% $1,566 95% 67
Adam 11% 386 9/29/2027 13.7 6.2 $36.99 25000 1.31 $1,400 100% $1,500 92% 69
Cid 10% 357 12/13/2027 YES 13.6 7.0 $34.99 25000 1.14 $1,400 100% $3,000 93% 67
Duck 3% 103 9/30/2028 YES 13.2 6.7 $37.00 25000 2.23 $1,300 97% $2,000 73% 38

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C133484 Round: 6
Dec. 31, 2027

Performance Statistics
Total Industry Unit Demand 2,942
Actual Industry Unit Sales |2,942
Segment % of Total Industry |9.7%

Next Year's Segment Growth Rate |1.8%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 15.2 Size 11.9 29%
3. Price $22.00 - 32.00 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
Aft 16% 467 9/11/2027 15.1 12.0 $31.49 27000 1.40 $1,400 100% $3,000 88% 80
Bold 15% 451 10/11/2027 15.5 11.8 $31.60 27000 1.28 $1,400 100% $3,000 82% 77
Coat 15% 428 12/20/2027 14.6 12.6 $30.50 27000 1.16 $1,400 100% $3,000 91% 78
Dot 15% 427 12/21/2027 15.2 11.9 $32.00 27000 1.21 $1,450 100% $3,000 81% 76
Edge 12% 354 6/18/2027 15.2 11.9 $32.00 27000 1.51 $1,500 89% $1,900 50% 58
Foam 11% 327 7/28/2027 15.9 11.8 $32.00 27000 1.39 $2,000 100% $1,446 52% 56
Feat 9% 254 5/28/2027 14.3 12.9 $22.00 27000 5.60 $2,000 100% $1,446 52% 62
Fast 8% 232 6/17/2027 15.8 12.1 $22.00 27000 2.67 $2,000 100% $1,446 52% 74

CAPSTONE ® COURIER Page 8

Size Segment Analysis C133484 Round: 6
Dec. 31, 2027

Size Statistics
Total Industry Unit Demand 2,984
Actual Industry Unit Sales |2,984
Segment % of Total Industry |9.9%

Next Year's Segment Growth Rate |2.3%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 8.0 Size 4.7 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $22.00 - 32.00 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
Agape 16% 485 9/11/2027 7.9 4.8 $31.99 21000 1.38 $1,400 100% $3,000 90% 97
Dune 14% 425 12/21/2027 8.0 4.7 $32.00 21000 1.23 $1,450 100% $3,000 82% 92
Black 13% 394 10/11/2027 8.1 4.4 $32.47 21000 1.22 $1,400 100% $1,500 86% 77
Buddy 13% 391 10/11/2027 8.1 4.4 $32.47 21000 1.29 $1,400 100% $1,500 86% 77
Egg 12% 358 6/21/2027 YES 8.0 4.7 $32.00 20000 1.52 $1,500 96% $1,900 57% 73
Fume 11% 316 7/25/2027 8.7 4.6 $32.00 19000 1.39 $2,100 100% $1,446 81% 60
Fuel 10% 312 7/25/2027 8.7 4.6 $32.00 19000 1.23 $2,100 100% $1,566 81% 59
Cure 10% 303 12/23/2027 7.7 5.6 $31.90 21000 1.15 $1,400 100% $3,000 92% 69

CAPSTONE ® COURIER Page 9

 Round: 6
Market Share C133484 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 8,779 11,893 3,664 2,942 2,984 30,262 Units Demanded 8,779 11,893 3,664 2,942 2,984 30,262
% of Market 29.0% 39.3% 12.1% 9.7% 9.9% 100.0% % of Market 29.0% 39.3% 12.1% 9.7% 9.9% 100.0%

Able 14.1% 0.2% 4.2% Able 13.7% 0.2% 4.0%

Acre 17.8% 7.0% Acre 15.8% 6.2%
Adam 10.5% 1.3% Adam 9.8% 1.2%
Aft 15.9% 1.5% Aft 15.9% 1.5%
Agape 16.3% 1.6% Agape 16.1% 1.6%
Aston 12.8% 1.6% Aston 11.9% 1.4%
Audi 13.5% 5.3% Audi 13.6% 5.4%
Total 14.1% 31.5% 23.3% 15.9% 16.3% 22.4% Total 13.7% 29.6% 21.8% 15.9% 16.1% 21.4%

Baker 18.4% 5.3% Baker 17.9% 5.2%

Bead 20.3% 8.0% Bead 19.5% 7.7%
Bid 12.1% 1.5% Bid 11.3% 1.4%
Bold 15.3% 1.5% Bold 15.3% 1.5%
Buddy 13.1% 1.3% Buddy 13.0% 1.3%
Black 13.2% 1.3% Black 13.1% 1.3%
Bund 11.3% 3.3% Bund 13.9% 4.0%
Total 29.7% 20.3% 12.1% 15.3% 26.3% 22.1% Total 31.8% 19.5% 11.3% 15.3% 26.0% 22.3%

Cake 21.0% 6.1% Cake 20.3% 5.9%

Cedar 18.9% 7.4% Cedar 19.5% 7.7%
Cid 9.8% 1.2% Cid 9.2% 1.1%
Coat 14.6% 1.4% Coat 14.6% 1.4%
Cure 10.2% 1.0% Cure 10.1% 1.0%
Total 21.0% 19.0% 9.8% 14.6% 10.2% 17.1% Total 20.3% 19.5% 9.2% 14.6% 10.1% 17.1%

Daze 18.6% 5.4% Daze 18.1% 5.2%

Dell 18.5% 7.3% Dell 21.7% 8.5%
Duck 2.8% 0.3% Duck 9.3% 1.1%
Dot 14.5% 1.4% Dot 14.5% 1.4%
Dune 14.2% 1.4% Dune 14.1% 1.4%
Total 18.6% 18.5% 2.8% 14.5% 14.2% 15.8% Total 18.1% 21.7% 9.3% 14.5% 14.1% 17.7%

Eat 15.8% 4.6% Eat 15.4% 4.5%

Ebb 9.4% 3.7% Ebb 8.5% 3.3%
Edge 12.0% 1.2% Edge 12.0% 1.2%
Egg 12.0% 1.2% Egg 12.7% 1.3%
Etc 14.2% 1.7% Etc 13.3% 1.6%
Total 15.8% 9.4% 14.2% 12.0% 12.0% 12.4% Total 15.4% 8.5% 13.3% 12.0% 12.7% 11.8%

Fast 0.7% 1.0% 7.9% 1.4% Fast 0.7% 0.9% 7.9% 1.3%
Feat 0.4% 8.6% 1.0% Feat 0.4% 8.6% 1.0%
Fist 12.9% 1.6% Fist 12.0% 1.5%
Foam 11.1% 1.1% Foam 11.1% 1.1%
Fume 10.6% 1.0% Fume 10.5% 1.0%
Fox 11.9% 1.4% Fox 11.1% 1.3%
Fuel 10.5% 1.0% Fuel 10.4% 1.0%
Fluke 13.0% 1.6% Fluke 12.1% 1.5%
Total 0.7% 1.4% 37.8% 27.7% 21.1% 10.1% Total 0.7% 1.2% 35.2% 27.7% 20.9% 9.7%

CAPSTONE ® COURIER Page 10

 Round: 6
Perceptual Map C133484 Dec. 31, 2027

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Able 8.2 11.8 11/23/2027 Baker 8.8 11.0 11/15/2027 Cake 8.7 11.3 11/30/2027
Acre 3.5 16.5 11/17/2026 Bead 4.3 15.6 12/26/2027 Cedar 4.0 15.9 10/29/2027
Adam 13.7 6.2 9/29/2027 Bid 14.1 5.8 10/7/2027 Cid 13.6 7.0 12/13/2027
Aft 15.1 12.0 9/11/2027 Bold 15.5 11.8 10/11/2027 Coat 14.6 12.6 12/20/2027
Agape 7.9 4.8 9/11/2027 Buddy 8.1 4.4 10/11/2027 Cure 7.7 5.6 12/23/2027
Aston 14.1 5.8 9/19/2027 Black 8.1 4.4 10/11/2027
Audi 4.0 15.9 2/17/2024 Bund 8.7 11.2 1/22/2027

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 9.0 10.9 9/27/2027 Eat 9.0 10.9 7/27/2027 Fast 15.8 12.1 6/17/2027
Dell 3.6 16.7 9/15/2026 Ebb 5.2 14.7 7/9/2027 Feat 14.3 12.9 5/28/2027
Duck 13.2 6.7 9/30/2028 Edge 15.2 11.9 6/18/2027 Fist 13.8 6.1 7/25/2027
Dot 15.2 11.9 12/21/2027 Egg 8.0 4.7 6/21/2027 Foam 15.9 11.8 7/28/2027
Dune 8.0 4.7 12/21/2027 Etc 14.1 5.8 6/29/2027 Fume 8.7 4.6 7/25/2027
Fox 13.5 6.4 8/2/2027
Fuel 8.7 4.6 7/25/2027
Fluke 14.1 5.6 8/3/2027

CAPSTONE ® COURIER Page 11

 Round: 6
HR/TQM Report C133484 Dec. 31, 2027
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 240 258 85 138 396 312
Complement 240 258 85 138 297 312
1st Shift Complement 190 146 54 84 258 312
2nd Shift Complement 50 112 31 54 39 0
Overtime Percent 0.0% 0.0% 0.7% 0.0% 38.3% 0.0%
Turnover Rate 6.5% 6.6% 6.7% 6.7% 13.4% 8.2%
New Employees 16 24 6 9 40 26
Separated Employees 130 0 106 98 19 0
Recruiting Spend $5,000 $5,000 $5,000 $4,850 $0 $2,500
Training Hours 80 80 80 77 0 40
Productivity Index 122.9% 121.9% 121.6% 121.4% 100.0% 112.3%
Recruiting Cost $93 $144 $34 $54 $40 $92
Separation Cost $650 $0 $530 $490 $95 $0
Training Cost $384 $413 $136 $213 $0 $249
Total HR Admin Cost $1,127 $556 $700 $756 $135 $341
Labor Contract Next Year
Wages $28.15 $28.15 $28.15 $28.15 $28.15 $28.15
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 $0 $0 $500 $1,250 $1,500 $0
VendorJIT $0 $0 $500 $0 $0 $0
Quality Initiative Training $0 $0 $500 $1,500 $1,500 $0
Channel Support Systems $0 $0 $500 $0 $1,500 $900
Concurrent Engineering $0 $0 $500 $0 $0 $900
UNEP Green Programs $0 $0 $500 $0 $1,500 $900

TQM Budgets Last Year

Benchmarking $0 $0 $500 $1,000 $0 $900
Quality Function Deployment Effort $0 $0 $500 $0 $0 $900
CCE/6 Sigma Training $0 $0 $500 $750 $1,500 $900
GEMI TQEM Sustainability Initiatives $0 $0 $500 $0 $1,500 $900
Total Expenditures $0 $0 $5,000 $4,500 $9,000 $6,300

Cumulative Impacts
Material Cost Reduction 11.80% 11.48% 11.80% 11.56% 3.34% 6.90%
Labor Cost Reduction 14.00% 13.57% 14.00% 13.80% 10.73% 5.52%
Reduction R&D Cycle Time 40.01% 40.01% 40.01% 40.01% 39.58% 40.01%
Reduction Admin Costs 36.12% 22.03% 60.02% 40.27% 0.00% 57.74%
Demand Increase 14.33% 14.40% 14.40% 13.58% 11.29% 14.28%

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: 6
C133484 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: 6
Annual Report Andrews C133484
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 $23,661 11.5% $13,237
current value of your inventory across all products. A zero
Account Receivable $12,260 6.0% $12,534
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $6,895 3.4% $10,344
Equipment: The current value of your plant. Accum Total Current Assets $42,816 20.8% $36,115
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $259,900 126.0% $227,900
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($97,017) -47.2% ($81,540)
of operations. It includes emergency loans used to keep Total Fixed Assets $162,883 79.2% $146,360
your company solvent should you run out of cash during Total Assets $205,699 100.0% $182,475
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 $5,004 2.4% $5,920
instead of paying to shareholders as dividends.
Current Debt $0 0.0% $0
Long Term Debt $51,399 25.0% $39,698
Total Liabilities $56,403 27.4% $45,618

Common Stock $89,925 43.7% $89,925

Retained Earnings $59,370 28.9% $46,932
Total Equity $149,295 72.6% $136,857
Total Liab. & O. Equity $205,699 100.0% $182,475

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) $19,713 $12,062
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $17,327 $15,193
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs $461 $1,261
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable ($916) ($360)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory $3,448 ($513)
the report would show the increase in inventory as a huge negative cash
Accounts Receivable $275 ($365)
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 $40,308 $27,279
afloat. Cash Flows from Investing Activities
Plant Improvements ($33,610) ($29,360)
Cash Flows from Financing Activities
Dividends paid ($7,275) $0
Sales of common stock $0 $3,000
Purchase of common stock $0 $0
Cash from long term debt $22,000 $12,000
Retirement of long term debt ($11,000) ($12,000)
Change in current debt(net) $0 ($402)
Net cash from financing activities $3,725 $2,598
Net change in cash position $10,423 $517
Closing cash position $23,661 $13,237

Annual Report Page 14

 Round: 6
Annual Report Andrews C133484
Dec. 31, 2027
2027 Income Statement
2027 Common
(Product Name) Able Acre Adam Aft Agape Aston Audi
Total
Size
Sales $31,125 $31,788 $14,288 $14,719 $15,524 $17,316 $24,402 $0 $149,162 100.0%
Variable Costs:
Direct Labor $1,573 $2,423 $1,239 $1,668 $1,637 $1,831 $5,839 $0 $16,210 10.9%
Direct Material $9,324 $8,376 $5,225 $6,161 $5,631 $6,545 $6,860 $0 $48,122 32.3%
Inventory Carry $196 $49 $177 $266 $70 $69 $0 $0 $827 0.6%
Total Variable $11,092 $10,848 $6,641 $8,096 $7,339 $8,446 $12,699 $0 $65,160 43.7%
Contribution Margin $20,033 $20,940 $7,648 $6,624 $8,185 $8,870 $11,703 $0 $84,002 56.3%
Period Costs:
Depreciation $3,067 $4,600 $1,380 $1,533 $1,380 $1,533 $3,833 $0 $17,327 11.6%
SG&A: R&D $907 $0 $755 $705 $705 $726 $0 $0 $3,799 2.5%
Promotions $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $0 $9,800 6.6%
Sales $3,000 $1,500 $1,500 $3,000 $3,000 $1,500 $1,500 $0 $15,000 10.1%
Admin $374 $382 $172 $177 $187 $208 $294 $0 $1,794 1.2%
Total Period $8,748 $7,882 $5,207 $6,816 $6,672 $5,368 $7,027 $0 $47,719 32.0%
Net Margin $11,285 $13,058 $2,440 ($192) $1,513 $3,502 $4,676 $0 $36,283 24.3%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other $1,726 1.2%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $34,556 23.2%
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 $3,609 2.4%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $10,831 7.3%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $402 0.3%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $19,713 13.2%
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