selected financial statisticsfaculty.cbpp.uaa.alaska.edu/afef/rnd3.pdf · round: 3 dec. 31, 2015...

Round: 3Dec. 31, 2015 C52259

AndrewsAnastasia Martynenko

Baldwin Chester

Digby Erie Ferris

Selected Financial StatisticsAndrews Baldwin Chester Digby Erie Ferris

ROS -2.5% 4.5% 3.6% 3.5% 0.8% 5.1%Asset Turnover 1.11 1.30 1.14 1.19 1.01 1.45ROA -2.8% 5.9% 4.1% 4.2% 0.8% 7.3%Leverage(Assets/Equity)

2.3 2.0 2.0 2.0 2.1 2.0

ROE -6.3% 11.4% 8.2% 8.6% 1.6% 14.7%Emergency Loan $283,890 $0 $0 $0 $0 $0Sales $112,194,833 $140,429,257 $150,920,232 $172,189,344 $120,262,444 $179,565,058EBIT $2,208,499 $15,700,718 $15,729,336 $17,310,346 $8,350,795 $20,630,094Profits ($2,797,168) $6,352,158 $5,414,443 $6,093,310 $929,206 $9,088,774Cumulative Profit $958,642 $20,832,301 $21,343,293 $23,989,468 $14,884,529 $27,456,782SG&A / Sales 24.4% 11.9% 12.0% 12.3% 9.6% 11.3%Contrib. Margin % 43.3% 31.1% 31.3% 30.1% 27.8% 28.9%

CAPSTONE® COURIER

Stock & Bonds C52259 Round: 3Dec. 31, 2015

Stock Market Summary

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

Andrews $16.96 ($6.70) 2,000,000 $34 $22.36 ($1.40) $0.00 0.0% -12.1Baldwin $42.59 $3.86 2,046,274 $87 $27.12 $3.10 $1.67 3.9% 13.7Chester $47.75 $2.77 2,069,366 $99 $31.75 $2.62 $0.01 0.0% 18.2Digby $50.43 $2.15 2,080,554 $105 $34.17 $2.93 $0.00 0.0% 17.2Erie $35.37 ($5.27) 2,128,085 $75 $27.12 $0.44 $0.56 1.6% 80.8Ferris $53.32 $4.84 2,030,085 $108 $30.47 $4.48 $0.00 0.0% 11.9

Bond Market SummaryCompany Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&PAndrews Digby

12.5S2016 $13,900,000 12.5% 99.65 CC 12.5S2016 $13,886,425 12.5% 100.18 B14.0S2018 $20,850,000 13.6% 102.60 CC 14.0S2018 $20,850,000 13.5% 104.06 B10.8S2023 $8,000,000 12.0% 89.89 CC 11.1S2024 $2,279,265 11.8% 93.68 B11.8S2024 $8,000,000 12.5% 94.33 CC 11.8S2025 $5,203,166 12.1% 97.21 B

Baldwin Erie12.5S2016 $9,692,219 12.5% 100.36 B 12.5S2016 $13,900,000 12.5% 100.00 CCC14.0S2018 $20,850,000 13.4% 104.56 B 14.0S2018 $20,850,000 13.5% 103.57 CCC

Chester 11.2S2024 $1,662,035 12.0% 93.20 CCC12.5S2016 $13,900,000 12.5% 100.18 B 12.0S2025 $6,336,484 12.3% 97.23 CCC14.0S2018 $20,850,000 13.5% 104.06 B Ferris11.8S2025 $5,890,885 12.1% 97.21 B 12.5S2016 $4,174,999 12.5% 100.18 B

14.0S2018 $20,850,000 13.5% 104.06 B11.8S2025 $6,893,144 12.1% 97.21 B

Next Year's Prime Rate 8.50%

CAPSTONE® COURIER

Financial Summary C52259 Round: 3Dec. 31, 2015

Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie FerrisCashFlows from operating activitiesNet Income(Loss) ($2,797) $6,352 $5,414 $6,093 $929 $9,089Adjustment for non-cash items: Depreciation $8,640 $7,827 $9,293 $9,693 $9,500 $7,253 Extraordinary gains/losses/writeoffs $1,356 ($332) $0 ($340) ($2) ($513)Changes in current assets and liablilities Acounts payable ($3,116) $650 ($879) $522 $149 $1,734 Inventory $1,574 $5,364 $1,431 $947 $1,847 $2,056 Accounts Receivable $2,603 ($2,836) ($442) ($2,041) ($759) ($3,543)Net cash from operations $8,261 $17,025 $14,818 $14,875 $11,663 $16,076

Cash flows from investing activitiesPlant improvements(net) ($9,709) ($5,420) ($23,800) ($20,120) ($18,688) ($21,440)Cash flows from financing activitiesDividends paid $0 ($3,407) ($16) $0 ($1,193) $0Sales of common stock $0 $0 $0 $679 $0 $1,459Purchase of common stock $0 $0 $0 $0 $0 $0Cash from long term debt issued $0 $0 $5,891 $5,203 $6,336 $6,893Early retirement of long term debt $0 ($1,142) $0 $0 $0 $0Retirement of current debt ($6,950) ($20,137) ($17,664) ($19,702) ($19,455) ($18,913)Cash from current debt borrowing $0 $14,936 $18,056 $21,374 $12,161 $20,267Cash from emergency loan $284 $0 $0 $0 $0 $0

Net cash from financing activities ($6,666) ($9,750) $6,267 $7,554 ($2,152) $9,706

Net change in cash position ($8,115) $1,856 ($2,715) $2,309 ($9,176) $4,341Balance Sheet Survey Andrews Baldwin Chester Digby Erie FerrisCash $0 $18,431 $21,276 $21,594 $13,536 $24,000Accounts Receivable $9,221 $11,542 $12,404 $14,153 $9,885 $14,759Inventory $6,159 $12,837 $13,741 $16,265 $10,016 $14,669Total Current Assets $15,380 $42,810 $47,422 $52,011 $33,437 $53,427

Plant and equipment $135,900 $117,400 $139,400 $145,400 $142,500 $108,800Accumulated Depreciation ($50,133) ($51,853) ($54,147) ($53,060) ($56,420) ($38,007)Total Fixed Assets $85,767 $65,547 $85,253 $92,340 $86,080 $70,793

Total Assets $101,147 $108,357 $132,675 $144,351 $119,517 $124,221

Account Payable $5,401 $7,385 $8,268 $9,656 $6,887 $10,178CurrentDebt $284 $14,936 $18,056 $21,374 $12,161 $20,267Long Term Debt $50,750 $30,542 $40,641 $42,219 $42,749 $31,918Total Liabilities $56,435 $52,863 $66,964 $73,249 $61,796 $62,363

Common Stock $18,360 $19,945 $20,736 $21,719 $22,747 $19,818Retained Earnings $26,352 $35,549 $44,975 $49,383 $34,974 $42,040Total Equity $44,712 $55,494 $65,711 $71,103 $57,721 $61,858

Total Liabilities & Owners'' Equity $101,147 $108,357 $132,675 $144,351 $119,517 $124,221

Income Statement Survey Andrews Baldwin Chester Digby Erie FerrisSales $112,195 $140,429 $150,920 $172,189 $120,262 $179,565Variable Costs(Labor,Material,Carry) $63,585 $96,752 $103,669 $120,375 $86,837 $127,648Depreciation $8,640 $7,827 $9,293 $9,693 $9,500 $7,253SGA(R&D,Promo,Sales,Admin) $27,405 $16,715 $18,184 $21,106 $11,510 $20,379Other(Fees,Writeoffs,TQM,Bonuses) $10,356 $3,435 $4,045 $3,704 $4,065 $3,654EBIT $2,208 $15,701 $15,729 $17,310 $8,351 $20,630Interest(Short term,Long term) $6,512 $5,729 $7,229 $7,745 $6,892 $6,362Taxes ($1,506) $3,490 $2,975 $3,348 $511 $4,994Profit Sharing $0 $130 $110 $124 $19 $185Net Profit ($2,797) $6,352 $5,414 $6,093 $929 $9,089

CAPSTONE® COURIER

Production Analysis C52259 Round: 3Dec. 31, 2015

NamePrimary

SegmentUnitsSold

UnitInven

tory Revision DateAge

Dec.31 MTBFPfmn

CoordSize

Coord PriceMaterial

CostLaborCost

Contr.Marg.

2ndShift

&Over-

time

Automation

NextRound

CapacityNext

RoundPlant

Utiliz.Able Trad 1,582 212 9/19/2015 1.6 17500 7.1 12.9 $27.00 $10.32 $5.35 41% 29% 7.0 1,400 122%Acre Low 2,552 0 5/24/2008 7.6 14000 3.0 17.0 $20.00 $5.71 $4.46 48% 93% 10.0 1,400 182%Adam High 221 126 10/30/2015 1.9 24000 10.7 9.3 $39.00 $15.38 $8.47 38% 0% 4.0 400 71%Aft Pfmn 289 0 9/11/2015 2.1 27000 11.4 14.6 $34.00 $14.79 $8.47 34% 0% 4.0 400 71%Angel 0 0 5/12/2016 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 3.0 350 0%

Baker Trad 994 181 4/4/2015 1.7 16000 6.5 13.6 $28.50 $9.44 $7.38 38% 0% 5.0 1,100 77%Bead Low 1,799 218 5/24/2008 7.6 14000 3.0 17.0 $20.50 $5.79 $5.44 42% 29% 7.5 1,400 127%Bid High 663 135 12/4/2015 1.1 23500 11.6 8.4 $38.50 $16.25 $9.84 31% 0% 3.0 800 99%Bold Trad 890 84 7/27/2015 1.5 19000 8.6 12.6 $28.50 $11.74 $11.40 16% 50% 3.5 600 149%Buddy Trad 854 77 9/2/2015 1.5 17000 7.4 11.6 $28.50 $11.04 $11.22 22% 42% 3.5 600 140%

Cake Trad 996 184 8/27/2015 1.6 14000 7.1 12.9 $26.00 $9.39 $6.75 35% 0% 6.0 1,000 89%Cedar Low 2,126 216 1/29/2013 7.6 12000 3.0 17.0 $19.00 $5.17 $4.97 43% 50% 8.0 1,450 149%Cid High 593 129 12/18/2015 1.1 23000 11.4 8.6 $37.00 $15.87 $9.81 30% 0% 3.0 750 91%Coat Pfmn 963 89 5/2/2015 1.6 27000 12.4 13.9 $32.00 $15.69 $10.34 17% 75% 4.5 800 173%Cure Size 996 123 9/12/2015 1.4 17000 6.1 7.6 $32.00 $12.70 $10.34 27% 75% 4.5 900 173%

Daze Trad 1,084 231 8/13/2015 1.6 18400 7.5 12.6 $28.50 $11.05 $7.55 33% 5% 5.5 1,000 104%Dell Low 1,779 202 5/24/2008 7.6 14000 3.0 17.0 $21.00 $5.79 $5.39 44% 25% 7.5 1,400 124%Dixie High 723 133 11/20/2015 1.2 24500 11.3 8.7 $38.50 $16.28 $10.20 31% 8% 3.0 750 107%Dot Pfmn 890 111 7/25/2015 1.5 27000 12.8 13.5 $33.50 $16.08 $11.71 16% 67% 4.0 850 165%Dune Size 1,147 113 10/6/2015 1.4 19000 6.5 7.4 $33.50 $13.56 $11.87 25% 77% 4.0 900 175%Doom Pfmn 235 12 8/9/2015 0.4 27000 13.0 13.4 $33.50 $16.22 $6.81 30% 29% 6.0 500 50%

Eat Trad 1,150 236 1/15/2015 3.1 14500 5.5 14.5 $21.00 $8.13 $4.91 31% 0% 7.5 1,400 78%Ebb Low 2,080 161 1/15/2014 7.6 12000 3.0 17.0 $19.00 $5.17 $7.06 34% 46% 7.5 1,400 145%Echo Trad 1,027 135 8/21/2015 1.4 15000 7.1 12.9 $26.50 $9.69 $7.86 31% 17% 6.0 950 116%Egg Trad 1,109 100 5/19/2015 2.0 16000 7.1 12.9 $26.50 $9.98 $12.04 14% 92% 4.0 600 190%

Fast Trad 836 179 4/22/2014 3.1 14000 5.5 14.5 $21.50 $8.00 $9.20 14% 17% 4.0 600 116%Feat Low 1,511 6 7/27/2017 7.6 13000 3.0 17.0 $21.50 $5.49 $7.61 37% 100% 6.0 1,000 198%Fist High 738 114 11/30/2015 1.1 25000 11.3 8.6 $38.50 $16.48 $10.56 30% 18% 3.0 700 117%Foam Pfmn 876 146 9/9/2015 1.4 27000 12.8 13.5 $33.40 $16.08 $10.25 20% 67% 4.5 800 165%Fume Size 1,028 162 11/29/2015 1.3 16000 6.1 7.2 $33.50 $12.68 $10.47 29% 83% 4.0 900 182%Fox High 960 30 11/29/2015 0.6 25000 12.0 8.0 $38.50 $17.05 $8.37 35% 100% 5.5 500 198%

CAPSTONE® COURIER

Traditional Segment Analysis C52259 Round: 3Dec. 31, 2015

Traditional StatisticsTotal Industry Unit Demand 9,619Actual Industry Unit Sales 9,619Segment % of Total Industry 29.4%

Next Year's Segment Growth Rate 9.2%

Traditional Customer Buying CriteriaExpectations Importance

1. Age Ideal Age = 2.0 47%2. Price $18.50 - 28.50 23%3. Ideal Position Pfmn 7.1 Size 12.9 21%4. Reliability MTBF 14000-19000 9%

Top Products in Traditional Segment

NameMarketShare

UnitsSold to

SegRevisionDate

StockOut

PfmnCoord

SizeCoord

ListPrice MTBF

AgeDec.31

PromoBudget

Cust.Aware-ness

SalesBudget

Cust.Access-

ibility

Dec.Cust.

SurveyAble 16% 1,577 9/19/2015 7.1 12.9 $27.00 17500 1.59 $2,350 83% $2,645 100% 57Egg 12% 1,107 5/19/2015 7.1 12.9 $26.50 16000 1.96 $1,200 48% $1,056 92% 43Daze 11% 1,072 8/13/2015 7.5 12.6 $28.50 18400 1.61 $1,225 60% $1,670 78% 39Echo 11% 1,025 8/21/2015 7.1 12.9 $26.50 15000 1.38 $1,200 57% $1,056 92% 34Baker 10% 994 4/4/2015 6.5 13.6 $28.50 16000 1.75 $1,300 62% $1,200 97% 37Cake 10% 993 8/27/2015 7.1 12.9 $26.00 14000 1.60 $1,025 58% $1,610 73% 36Eat 8% 798 1/15/2015 5.5 14.5 $21.00 14500 3.09 $1,200 38% $1,056 92% 17Bold 8% 770 7/27/2015 8.6 12.6 $28.50 19000 1.55 $1,300 49% $1,200 97% 31Buddy 8% 727 9/2/2015 7.4 11.6 $28.50 17000 1.48 $1,300 49% $1,200 97% 28Fast 6% 557 4/22/2014 5.5 14.5 $21.50 14000 3.08 $900 38% $725 44% 12

CAPSTONE® COURIER

Low End Segment Analysis C52259 Round: 3Dec. 31, 2015

Low End StatisticsTotal Industry Unit Demand 12,488Actual Industry Unit Sales 12,488Segment % of Total Industry 38.2%


Low End Customer Buying CriteriaExpectations Importance

1. Price $13.50 - 23.50 53%2. Age Ideal Age = 7.0 24%3. Ideal Position Pfmn 3.2 Size 16.8 16%4. Reliability MTBF 12000-17000 7%

Top Products in Low End Segment

NameMarketShare

UnitsSold to

SegRevisionDate

StockOut

PfmnCoord

SizeCoord

ListPrice MTBF

AgeDec.31

PromoBudget

Cust.Aware-ness

SalesBudget

Cust.Access-

ibility

Dec.Cust.

SurveyAcre 20% 2,552 5/24/2008 YES 3.0 17.0 $20.00 14000 7.60 $2,350 82% $2,645 94% 40Cedar 17% 2,126 1/29/2013 3.0 17.0 $19.00 12000 7.60 $1,025 57% $1,690 71% 30Ebb 17% 2,080 1/15/2014 3.0 17.0 $19.00 12000 7.60 $1,200 58% $1,056 72% 29Bead 14% 1,799 5/24/2008 3.0 17.0 $20.50 14000 7.60 $1,300 61% $1,200 67% 25Dell 14% 1,779 5/24/2008 3.0 17.0 $21.00 14000 7.60 $1,225 59% $1,753 76% 25Feat 12% 1,511 7/27/2017 3.0 17.0 $21.50 13000 7.60 $1,100 58% $1,305 74% 21Eat 3% 352 1/15/2015 5.5 14.5 $21.00 14500 3.09 $1,200 40% $1,056 72% 6Fast 2% 279 4/22/2014 5.5 14.5 $21.50 14000 3.08 $900 37% $725 74% 5Able 0% 5 9/19/2015 7.1 12.9 $27.00 17500 1.59 $2,350 41% $2,645 94% 0Cake 0% 3 8/27/2015 7.1 12.9 $26.00 14000 1.60 $1,025 29% $1,610 71% 0Echo 0% 3 8/21/2015 7.1 12.9 $26.50 15000 1.38 $1,200 28% $1,056 72% 0

CAPSTONE® COURIER

High End Segment Analysis C52259 Round: 3Dec. 31, 2015

High End StatisticsTotal Industry Unit Demand 4,007Actual Industry Unit Sales 4,007Segment % of Total Industry 12.3%


High End Customer Buying CriteriaExpectations Importance

1. Ideal Position Pfmn 11.6 Size 8.4 43%2. Age Ideal Age = 0.0 29%3. Reliability MTBF 20000-25000 19%4. Price $28.50 - 38.50 9%

Top Products in High End Segment

NameMarketShare

UnitsSold to

SegRevisionDate

StockOut

PfmnCoord

SizeCoord

ListPrice MTBF

AgeDec.31

PromoBudget

Cust.Aware-ness

SalesBudget

Cust.Access-

ibility

Dec.Cust.

SurveyFox 24% 960 11/29/2015 12.0 8.0 $38.50 25000 0.56 $1,100 37% $1,305 80% 46Fist 18% 738 11/30/2015 11.3 8.6 $38.50 25000 1.13 $1,100 56% $1,305 80% 48Dixie 18% 723 11/20/2015 11.3 8.7 $38.50 24500 1.17 $1,250 58% $1,753 78% 46Bid 17% 663 12/4/2015 11.6 8.4 $38.50 23500 1.13 $1,250 60% $1,200 69% 41Cid 15% 593 12/18/2015 11.4 8.6 $37.00 23000 1.14 $1,000 56% $1,690 74% 41Adam 6% 221 10/30/2015 10.7 9.3 $39.00 24000 1.92 $1,600 72% $2,645 84% 30Bold 2% 80 7/27/2015 8.6 12.6 $28.50 19000 1.55 $1,300 25% $1,200 69% 2Buddy 0% 14 9/2/2015 7.4 11.6 $28.50 17000 1.48 $1,300 25% $1,200 69% 1Daze 0% 12 8/13/2015 7.5 12.6 $28.50 18400 1.61 $1,225 30% $1,670 78% 0

CAPSTONE® COURIER

Performance Segment Analysis C52259 Round: 3Dec. 31, 2015

Performance StatisticsTotal Industry Unit Demand 3,293Actual Industry Unit Sales 3,293Segment % of Total Industry 10.1%


Performance Customer Buying CriteriaExpectations Importance

1. Reliability MTBF 22000-27000 43%2. Ideal Position Pfmn 12.4 Size 13.9 29%3. Price $23.50 - 33.50 19%4. Age Ideal Age = 1.0 9%

Top Products in Performance Segment

NameMarketShare

UnitsSold to

SegRevisionDate

StockOut

PfmnCoord

SizeCoord

ListPrice MTBF

AgeDec.31

PromoBudget

Cust.Aware-ness

SalesBudget

Cust.Access-

ibility

Dec.Cust.

SurveyCoat 29% 963 5/2/2015 12.4 13.9 $32.00 27000 1.57 $1,000 59% $1,529 66% 47Dot 27% 890 7/25/2015 12.8 13.5 $33.50 27000 1.45 $1,200 62% $1,586 71% 46Foam 27% 876 9/9/2015 12.8 13.5 $33.40 27000 1.39 $1,100 60% $1,305 64% 43Aft 9% 289 9/11/2015 YES 11.4 14.6 $34.00 27000 2.14 $2,075 79% $2,248 78% 42Doom 7% 235 8/9/2015 13.0 13.4 $33.50 27000 0.39 $1,200 49% $0 71% 37Bold 1% 40 7/27/2015 8.6 12.6 $28.50 19000 1.55 $1,300 26% $1,200 17% 0

CAPSTONE® COURIER

Size Segment Analysis C52259 Round: 3Dec. 31, 2015

Size StatisticsTotal Industry Unit Demand 3,284Actual Industry Unit Sales 3,284Segment % of Total Industry 10.1%


Size Customer Buying CriteriaExpectations Importance

1. Ideal Position Pfmn 6.1 Size 7.6 43%2. Age Ideal Age = 1.5 29%3. Reliability MTBF 16000-21000 19%4. Price $23.50 - 33.50 9%

Top Products in Size Segment

NameMarketShare

UnitsSold to

SegRevisionDate

StockOut

PfmnCoord

SizeCoord

ListPrice MTBF

AgeDec.31

PromoBudget

Cust.Aware-ness

SalesBudget

Cust.Access-

ibility

Dec.Cust.

SurveyDune 35% 1,147 10/6/2015 6.5 7.4 $33.50 19000 1.36 $1,200 60% $1,586 72% 46Fume 31% 1,028 11/29/2015 6.1 7.2 $33.50 16000 1.28 $1,100 60% $1,305 66% 34Cure 30% 996 9/12/2015 6.1 7.6 $32.00 17000 1.43 $1,000 59% $1,529 67% 42Buddy 3% 113 9/2/2015 7.4 11.6 $28.50 17000 1.48 $1,300 25% $1,200 19% 3

CAPSTONE® COURIER

Market Share C52259 Round: 3Dec. 31, 2015

Actual Market Share in Units Potential Market Share in UnitsTrad Low High Pfmn Size Total Trad Low High Pfmn Size Total

Industry Unit Sales 9,619 12,488 4,007 3,293 3,284 32,691 Units Demanded 9,619 12,488 4,007 3,293 3,284 32,691% of Market 29.4% 38.2% 12.3% 10.1% 10.1% 100.0% % of Market 29.4% 38.2% 12.3% 10.1% 10.1% 100.0%

Able 16.4% 4.8% Able 16.4% 4.8%Acre 20.4% 7.8% Acre 22.0% 8.4%Adam 5.5% 0.7% Adam 5.4% 0.7%Aft 8.8% 0.9% Aft 16.2% 1.6%Total 16.4% 20.5% 5.5% 8.8% 14.2% Total 16.4% 22.1% 5.4% 16.2% 15.5%

Baker 10.3% 3.0% Baker 10.3% 3.0%Bead 14.4% 5.5% Bead 14.1% 5.4%Bid 16.5% 2.0% Bid 16.0% 2.0%Bold 8.0% 2.0% 1.2% 2.7% Bold 8.0% 1.9% 1.1% 2.7%Buddy 7.6% 0.4% 3.4% 2.6% Buddy 7.6% 0.3% 3.4% 2.6%Total 25.9% 14.4% 18.9% 1.2% 3.4% 15.9% Total 25.9% 14.1% 18.2% 1.1% 3.4% 15.7%

Cake 10.3% 3.0% Cake 10.3% 3.0%Cedar 17.0% 6.5% Cedar 16.7% 6.4%Cid 14.8% 1.8% Cid 14.3% 1.8%Coat 29.2% 2.9% Coat 26.9% 2.7%Cure 30.3% 3.0% Cure 30.3% 3.0%Total 10.3% 17.0% 14.8% 29.2% 30.3% 17.4% Total 10.3% 16.7% 14.3% 27.0% 30.3% 16.9%

Daze 11.2% 0.3% 3.3% Daze 11.1% 0.3% 3.3%Dell 14.2% 5.4% Dell 14.0% 5.3%Dixie 18.0% 2.2% Dixie 17.5% 2.1%Dot 27.0% 2.7% Dot 24.9% 2.5%Dune 34.9% 3.5% Dune 34.9% 3.5%Doom 7.1% 0.7% Doom 6.3% 0.6%Total 11.2% 14.2% 18.3% 34.2% 34.9% 17.9% Total 11.2% 14.0% 17.7% 31.2% 34.9% 17.4%

Eat 8.3% 2.8% 3.5% Eat 8.3% 2.8% 3.5%Ebb 16.7% 6.4% Ebb 16.3% 6.2%Echo 10.6% 3.1% Echo 10.7% 3.1%Egg 11.5% 3.4% Egg 11.5% 3.4%Total 30.4% 19.5% 16.4% Total 30.4% 19.1% 16.3%

Fast 5.8% 2.2% 2.6% Fast 5.8% 2.2% 2.5%Feat 12.1% 4.6% Feat 11.9% 4.5%Fist 18.4% 2.3% Fist 17.8% 2.2%Foam 26.6% 2.7% Foam 24.6% 2.5%Fume 31.3% 3.2% Fume 31.3% 3.1%Fox 24.0% 2.9% Fox 26.5% 3.3%Total 5.8% 14.3% 42.4% 26.6% 31.3% 18.2% Total 5.8% 14.0% 44.3% 24.6% 31.3% 18.1%

CAPSTONE® COURIER

Perceptual Map C52259 Round: 3Dec. 31, 2015

Andrews Baldwin ChesterName Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size RevisedAble 7.1 12.9 9/19/2015 Baker 6.5 13.6 4/4/2015 Cake 7.1 12.9 8/27/2015Acre 3.0 17.0 5/24/2008 Bead 3.0 17.0 5/24/2008 Cedar 3.0 17.0 1/29/2013Adam 10.7 9.3 10/30/2015 Bid 11.6 8.4 12/4/2015 Cid 11.4 8.6 12/18/2015Aft 11.4 14.6 9/11/2015 Bold 8.6 12.6 7/27/2015 Coat 12.4 13.9 5/2/2015

Buddy 7.4 11.6 9/2/2015 Cure 6.1 7.6 9/12/2015

Digby Erie FerrisName Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size RevisedDaze 7.5 12.6 8/13/2015 Eat 5.5 14.5 1/15/2015 Fast 5.5 14.5 4/22/2014Dell 3.0 17.0 5/24/2008 Ebb 3.0 17.0 1/15/2014 Feat 3.0 17.0 7/27/2017Dixie 11.3 8.7 11/20/2015 Echo 7.1 12.9 8/21/2015 Fist 11.3 8.6 11/30/2015Dot 12.8 13.5 7/25/2015 Egg 7.1 12.9 5/19/2015 Foam 12.8 13.5 9/9/2015Dune 6.5 7.4 10/6/2015 Fume 6.1 7.2 11/29/2015Doom 13.0 13.4 8/9/2015 Fox 12.0 8.0 11/29/2015

CAPSTONE® COURIER

HR/TQM Report C52259 Round: 3Dec. 31, 2015

HUMAN RESOURCES SUMMARYAndrews Baldwin Chester Digby Erie Ferris

Needed Complement 460 758 762 901 731 909Complement 460 758 762 901 731 9091st Shift Complement 330 612 549 667 524 5672nd Shift Complement 130 146 212 234 207 343

Overtime Percent 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%Turnover Rate 10.0% 8.8% 8.9% 8.6% 9.0% 8.6%New Employees 46 132 68 78 70 139Separated Employees 381 0 154 3 0 0Recruiting Spend $0 $2,000 $2,000 $2,200 $2,000 $2,500Training Hours 0 30 25 30 25 30Productivity Index 100.0% 101.0% 100.6% 102.1% 100.0% 102.4%

Recruiting Cost $46 $397 $203 $249 $211 $487Separation Cost $1,905 $0 $769 $14 $0 $0Training Cost $0 $455 $381 $541 $366 $546Total HR Admin Cost $1,951 $852 $1,352 $803 $577 $1,032

Labor Contract Next YearWages $24.28 $24.30 $24.30 $24.30 $24.30 $24.30Benefits 2,625 2,625 2,625 2,625 2,625 2,625Profit Sharing 2.1% 2.1% 2.1% 2.1% 2.1% 2.1%Annual Raise 5.3% 5.3% 5.3% 5.3% 5.3% 5.3%

Starting Negotiation PositionWages $21.00 $23.15 $23.15 $23.15 $23.15 $23.15Benefits 2,500 2,500 2,500 2,500 2,500 2,500Profit 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%

Ceiling Negotiation PositionWages $23.10 $25.46 $25.46 $25.46 $25.46 $25.46Benefits 2,750 2,750 2,750 2,750 2,750 2,750Profit Sharing 2.2% 2.2% 2.2% 2.2% 2.2% 2.2%Annual Raise 5.5% 5.5% 5.5% 5.5% 5.5% 5.5%

Adjusted Labor DemandsWages $25.46 $25.46 $25.46 $25.46 $25.46 $25.46Benefits 2,750 2,750 2,750 2,750 2,750 2,750Profit Sharing 2.2% 2.2% 2.2% 2.2% 2.2% 2.2%Annual Raise 5.5% 5.5% 5.5% 5.5% 5.5% 5.5%

Strike Days 17 0 0 0 0 0

TQM SUMMARYAndrews Baldwin Chester Digby Erie Ferris

Process Mgt Budgets Last YearCPI Systems $1,500 $0 $750 $0 $750 $0Vendor/JIT $1,500 $0 $750 $0 $750 $0Quality Initiative Training $1,500 $0 $750 $0 $750 $0Channel Support Systems $1,500 $750 $0 $750 $0 $750Concurrent Engineering $1,500 $750 $0 $750 $0 $750UNEP Green Programs $1,500 $0 $750 $0 $750 $0

TQM Budgets Last YearBenchmarking $0 $750 $0 $750 $0 $750Quality Function Deployment Effort $0 $750 $0 $750 $0 $750CCE/6 Sigma Training $0 $750 $0 $750 $0 $750GEMI TQEM Sustainability Initiatives $0 $0 $750 $0 $750 $0Total Expenditures $9,000 $3,750 $3,750 $3,750 $3,750 $3,750

Cumulative ImpactsMaterial Cost Reduction 1.41% 0.01% 0.35% 0.01% 0.35% 0.01%Labor Cost Reduction 1.84% 0.04% 0.30% 0.04% 0.30% 0.04%Reduction R&D Cycle Time 13.54% 3.93% 0.00% 3.93% 0.00% 3.93%Reduction Admin Costs 4.66% 2.44% 0.44% 2.44% 0.44% 2.44%Demand Increase 3.62% 0.32% 0.04% 0.32% 0.04% 0.32%

CAPSTONE® COURIER

Ethics Report C52259 Round: 3Dec. 31, 2015

ETHICS SUMMARYOther (Fees, Writeoffs, etc.) The actual dollar impact. Example, $120 means Other increased by $120.Demand Factor The % of normal. 98% means demand fell 2%.Material Cost Impact The % of normal. 104% means matieral costs rose 4%.Admin Cost Impact The % of normal. 103% means admin costs rose 3%.Productivity Impact The % of normal. 104% means productivity increased by 4%.Awareness Impact The % of normal. 105% means normal awareness was multiplied by 1.05.Accessibility Impact 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 FerrisTotalOther (Fees, Writeoffs, etc.) $0 $0 $0 $0 $0 $0 $0Demand 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

Annual ReportAnnual Report Andrews C52259 Round: 3

Dec. 31, 2015

Balance SheetDEFINITIONS:Common Size: The common sizecolumn simply represents each item as apercentage of total assets for that year.Cash: Your end-of-year cash position.Accounts Receivable: Reflects the lagbetween delivery and payment of yourproducts. Inventories: The currentvalue of your inventory across all products. Azero indicates your company stocked out.Unmet demand would, of course, fall to yourcompetitors. Plant & Equipment: Thecurrent value of your plant. AccumDeprec: The total accumulateddepreciation from your plant. AcctsPayable: What the company currentlyowes suppliers for materials and services.Current Debt: The debt the companyis obligated to pay during the next year ofoperations. It includes emergency loans usedto keep your company solvent should you runout of cash during the year. LongTerm Debt: The company'slong term debt is in the form of bonds, and thisrepresents the total value of your bonds.Common Stock: The amount ofcapital invested by shareholders in thecompany. Retained Earnings:The profits that the company chose to keepinstead of paying to shareholders as dividends.

ASSETS 2015Common

Size

2014

Cash $0 0.0% $8,115Account Receivable $9,221 9.1% $11,825Inventory $6,159 6.1% $7,733Total Current Assets $15,380 15.2% $27,673

Plant & Equipment $135,900 134.0% $133,800Accumulated Depreciation ($50,133) -49.6% ($47,747)Total Fixed Assets $85,767 84.8% $86,053Total Assets $101,147 100.0% $113,726LIABILITIES & OWNER'SEQUITY

Accounts Payable $5,401 5.3% $8,517Current Debt $284 0.3% $6,950Long Term Debt $50,750 50.2% $50,750Total Liabilities $56,435 55.8% $66,217

Common Stock $18,360 18.2% $18,360Retained Earnings $26,352 26.1% $29,149Total Equity $44,712 44.2% $47,509Total Liab. & O. Equity $101,147 100.0% $113,726

Cash Flow StatementThe Cash Flow Statement examines what happened in the CashAccount during the year. Cash injections appear as positive numbers andcash withdrawals as negative numbers. The Cash Flow Statement is anexcellent tool for diagnosing emergency loans. When negative cash flowsexceed positives, you are forced to seek emergency funding. For example,if sales are bad and you find yourself carrying an abundance of excessinventory, the report would show the increase in inventory as a hugenegative cash flow. Too much unexpected inventory could outstrip yourinflows, exhaust your starting cash and force you to beg for money to keepyour company afloat.

Cash Flows from Operating Activities 2015 2014NetIncome(Loss) ($2,797) $684Depreciation $8,640 $8,920Extraordinary gains/losses/writeoffs $1,356 $147Accounts Payable ($3,116) $1,625Inventory $1,574 ($7,461)Accounts Receivable $2,603 ($933)

Net cash from operation $8,261 $2,982Cash Flows from Investing ActivitiesPlant Improvements ($9,709) ($10,440)Cash Flows from Financing ActivitiesDividends Paid $0 $0Sales of Common Stock $0 $0Purchase of Common Stock $0 $0Cash from long term debt $0 $8,000Retirement of long term debt $0 ($6,950)Change in current debt(net) ($6,666) $6,950

Net Cash from financing activities ($6,666) $8,000Net Change in cash position ($8,115) $542Closing cash position $0 $8,115

Annual Report

Annual Report Andrews C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Able Acre Adam Aft Na Angel NA NA 2015

TotalCommon

SizeSales $42,705 $51,042 $8,634 $9,814 $0 $0 $0 $0 $112,195 100.0%

Variable Costs:Direct Labor $8,681 $11,379 $1,865 $2,443 $0 $0 $0 $0 $24,368 21.7%Direct Material $16,155 $15,195 $3,128 $4,001 $0 $0 $0 $0 $38,478 34.3%Inventory Carry $399 $0 $340 $0 $0 $0 $0 $0 $739 0.7%Total Variable $25,235 $26,573 $5,333 $6,444 $0 $0 $0 $0 $63,585 56.7%

Contribution Margin $17,471 $24,469 $3,301 $3,369 $0 $0 $0 $0 $48,610 43.3%

Period Costs:Depreciation $3,173 $4,293 $587 $587 $0 $0 $0 $0 $8,640 7.7%SG&A: R&D $725 $0 $839 $704 $704 $1,000 $0 $0 $3,972 3.5% Promotions $2,350 $2,350 $1,600 $2,075 $0 $2,175 $0 $0 $10,550 9.4% Sales $2,645 $2,645 $2,645 $2,248 $0 $0 $0 $0 $10,183 9.1% Admin $1,028 $1,228 $208 $236 $0 $0 $0 $0 $2,700 2.4%Total Period $9,921 $10,517 $5,879 $5,850 $704 $3,175 $0 $0 $36,045 32.1%

Net Margin $7,550 $13,952 ($2,578) ($2,481) ($704) ($3,175) $0 $0 $12,565 11.2%

Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce theproduct that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation:Calculated on straight-line. 15-year depreciation of plant value. R&D Costs: R&D departmentexpenditures for each product. Admin: Administration overhead is estimated at 1.5% of sales.Promotions: The promotion budget for each product. Sales: The sales force budget for eachproduct. Other: Chargs not included in other categories such as Fees, Write offs, and TQM. The feesinclude money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs include the loss you might experience when you sell capacity orliquidate 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 Interestand Taxes. Short Term Interest: Interest expense based on last year''s current debt, including short termdebt, long term notes that have become due, and emergency loans, Long Term Interest: Interest paid onoutstanding bonds. Taxes: Income tax based upon a 35% tax rate. Profit Sharing: Profits sharedwith employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Other $10,356 9.2%EBIT $2,208 2.0%Short Term Interest $47 0.0%Long Term Interest $6,465 5.8%Taxes ($1,506) -1.3%Profit Sharing $0 0.0%Net Profit ($2,797) -2.5%

Annual Report

Annual ReportAnnual Report Baldwin C52259 Round: 3

Dec. 31, 2015


ASSETS 2015Common

Size

2014

Cash $18,431 17.0% $16,576Account Receivable $11,542 10.7% $8,707Inventory $12,837 11.8% $18,201Total Current Assets $42,810 39.5% $43,484


Accounts Payable $7,385 6.8% $6,735Current Debt $14,936 13.8% $20,137Long Term Debt $30,542 28.2% $31,677Total Liabilities $52,863 48.8% $58,549



Cash Flows from Operating Activities 2015 2014NetIncome(Loss) $6,352 $3,064Depreciation $7,827 $7,587Extraordinary gains/losses/writeoffs ($332) $114Accounts Payable $650 $689Inventory $5,364 ($13,746)Accounts Receivable ($2,836) $1,057

Net cash from operation $17,025 ($1,235)Cash Flows from Investing ActivitiesPlant Improvements ($5,420) ($3,230)Cash Flows from Financing ActivitiesDividends Paid ($3,407) ($7,270)Sales of Common Stock $0 $0Purchase of Common Stock $0 $0Cash from long term debt $0 $0Retirement of long term debt ($1,142) ($4,221)Change in current debt(net) ($5,200) $8,778

Net Cash from financing activities ($9,750) ($2,713)Net Change in cash position $1,856 ($7,178)Closing cash position $18,431 $16,576

Annual Report

Annual Report Baldwin C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Baker Bead Bid Bold Buddy Na Na Na 2015

TotalCommon

SizeSales $28,321 $36,875 $25,519 $25,363 $24,352 $0 $0 $0 $140,429 100.0%

Variable Costs:Direct Labor $7,251 $10,053 $6,805 $9,985 $9,431 $0 $0 $0 $43,525 31.0%Direct Material $9,819 $10,974 $10,348 $11,127 $9,418 $0 $0 $0 $51,687 36.8%Inventory Carry $373 $306 $418 $240 $203 $0 $0 $0 $1,540 1.1%Total Variable $17,443 $21,333 $17,571 $21,353 $19,052 $0 $0 $0 $96,752 68.9%

Contribution Margin $10,878 $15,542 $7,947 $4,010 $5,300 $0 $0 $0 $43,677 31.1%

Period Costs:Depreciation $1,907 $3,360 $960 $800 $800 $0 $0 $0 $7,827 5.6%SG&A: R&D $261 $0 $938 $577 $678 $0 $0 $0 $2,454 1.7% Promotions $1,300 $1,300 $1,250 $1,300 $1,300 $0 $0 $0 $6,450 4.6% Sales $1,200 $1,200 $1,200 $1,200 $1,200 $0 $0 $0 $6,000 4.3% Admin $365 $475 $329 $327 $314 $0 $0 $0 $1,811 1.3%Total Period $5,032 $6,335 $4,677 $4,204 $4,292 $0 $0 $0 $24,541 17.5%

Net Margin $5,846 $9,206 $3,271 ($195) $1,008 $0 $0 $0 $19,136 13.6%


Other $3,435 2.4%EBIT $15,701 11.2%Short Term Interest $1,598 1.1%Long Term Interest $4,131 2.9%Taxes $3,490 2.5%Profit Sharing $130 0.1%Net Profit $6,352 4.5%

Annual Report

Annual ReportAnnual Report Chester C52259 Round: 3

Dec. 31, 2015


ASSETS 2015Common

Size

2014






Cash Flows from Operating Activities 2015 2014NetIncome(Loss) $5,414 $7,547Depreciation $9,293 $7,707Extraordinary gains/losses/writeoffs $0 $11Accounts Payable ($879) $2,773Inventory $1,431 ($10,537)Accounts Receivable ($442) ($2,328)

Net cash from operation $14,818 $5,173Cash Flows from Investing ActivitiesPlant Improvements ($23,800) ($5,640)Cash Flows from Financing ActivitiesDividends Paid ($16) ($1,746)Sales of Common Stock $0 $0Purchase of Common Stock $0 $0Cash from long term debt $5,891 $0Retirement of long term debt $0 ($1,830)Change in current debt(net) $392 $6,305

Net Cash from financing activities $6,267 $2,729Net Change in cash position ($2,715) $2,262Closing cash position $21,276 $23,990

Annual Report

Annual Report Chester C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Cake Cedar Cid Coat Cure Na Na Na 2015

TotalCommon

SizeSales $25,892 $40,388 $21,952 $30,803 $31,886 $0 $0 $0 $150,920 100.0%

Variable Costs:Direct Labor $7,043 $10,875 $5,941 $9,945 $10,304 $0 $0 $0 $44,109 29.2%Direct Material $9,381 $11,651 $9,069 $15,304 $12,506 $0 $0 $0 $57,911 38.4%Inventory Carry $365 $274 $391 $282 $337 $0 $0 $0 $1,649 1.1%Total Variable $16,789 $22,800 $15,401 $25,531 $23,147 $0 $0 $0 $103,669 68.7%

Contribution Margin $9,103 $17,588 $6,550 $5,272 $8,739 $0 $0 $0 $47,252 31.3%

Period Costs:Depreciation $2,000 $3,673 $900 $1,280 $1,440 $0 $0 $0 $9,293 6.2%SG&A: R&D $662 $0 $976 $338 $706 $0 $0 $0 $2,682 1.8% Promotions $1,025 $1,025 $1,000 $1,000 $1,000 $0 $0 $0 $5,050 3.3% Sales $1,610 $1,690 $1,690 $1,529 $1,529 $0 $0 $0 $8,048 5.3% Admin $412 $643 $350 $491 $508 $0 $0 $0 $2,404 1.6%Total Period $5,709 $7,032 $4,916 $4,638 $5,183 $0 $0 $0 $27,478 18.2%

Net Margin $3,393 $10,556 $1,634 $634 $3,556 $0 $0 $0 $19,774 13.1%



Annual Report

Annual ReportAnnual Report Digby C52259 Round: 3

Dec. 31, 2015


ASSETS 2015Common

Size

2014






Cash Flows from Operating Activities 2015 2014NetIncome(Loss) $6,093 $7,717Depreciation $9,693 $7,473Extraordinary gains/losses/writeoffs ($340) $7Accounts Payable $522 $3,248Inventory $947 ($12,173)Accounts Receivable ($2,041) ($2,663)

Net cash from operation $14,875 $3,610Cash Flows from Investing ActivitiesPlant Improvements ($20,120) ($19,920)Cash Flows from Financing ActivitiesDividends Paid $0 $0Sales of Common Stock $679 $2,157Purchase of Common Stock $0 $0Cash from long term debt $5,203 $2,279Retirement of long term debt $0 $0Change in current debt(net) $1,672 $8,344

Net Cash from financing activities $7,554 $12,780Net Change in cash position $2,309 ($3,530)Closing cash position $21,594 $19,285

Annual Report

Annual Report Digby C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Daze Dell Dixie Dot Dune Doom Na Na 2015

TotalCommon

SizeSales $30,906 $37,363 $27,823 $29,802 $38,409 $7,886 $0 $0 $172,189 100.0%

Variable Costs:Direct Labor $8,224 $9,849 $7,536 $10,402 $13,454 $1,604 $0 $0 $51,069 29.7%Direct Material $11,884 $10,866 $11,306 $14,288 $15,165 $3,846 $0 $0 $67,355 39.1%Inventory Carry $513 $282 $416 $369 $337 $34 $0 $0 $1,952 1.1%Total Variable $20,622 $20,997 $19,258 $25,060 $28,955 $5,484 $0 $0 $120,375 69.9%

Contribution Margin $10,285 $16,366 $8,565 $4,742 $9,454 $2,403 $0 $0 $51,814 30.1%

Period Costs:Depreciation $1,867 $3,360 $900 $1,247 $1,320 $1,000 $0 $0 $9,693 5.6%SG&A: R&D $623 $0 $899 $572 $772 $613 $0 $0 $3,479 2.0% Promotions $1,225 $1,225 $1,250 $1,200 $1,200 $1,200 $0 $0 $7,300 4.2% Sales $1,670 $1,753 $1,753 $1,586 $1,586 $0 $0 $0 $8,348 4.8% Admin $355 $429 $320 $343 $441 $91 $0 $0 $1,979 1.2%Total Period $5,740 $6,767 $5,122 $4,947 $5,320 $2,904 $0 $0 $30,800 17.9%

Net Margin $4,545 $9,598 $3,443 ($205) $4,134 ($501) $0 $0 $21,014 12.2%



Annual Report

Annual ReportAnnual Report Erie C52259 Round: 3

Dec. 31, 2015


ASSETS 2015Common

Size

2014






Cash Flows from Operating Activities 2015 2014NetIncome(Loss) $929 $4,856Depreciation $9,500 $8,255Extraordinary gains/losses/writeoffs ($2) ($539)Accounts Payable $149 $729Inventory $1,847 ($6,279)Accounts Receivable ($759) ($75)

Net cash from operation $11,663 $6,946Cash Flows from Investing ActivitiesPlant Improvements ($18,688) ($7,792)Cash Flows from Financing ActivitiesDividends Paid ($1,193) ($4,111)Sales of Common Stock $0 $0Purchase of Common Stock $0 $0Cash from long term debt $6,336 $1,662Retirement of long term debt $0 ($3,837)Change in current debt(net) ($7,295) $8,097

Net Cash from financing activities ($2,152) $1,811Net Change in cash position ($9,176) $965Closing cash position $13,536 $22,713

Annual Report

Annual Report Erie C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Eat Ebb Echo Na Egg Na Na Na 2015

TotalCommon

SizeSales $24,145 $39,519 $27,217 $0 $29,381 $0 $0 $0 $120,262 100.0%

Variable Costs:Direct Labor $6,315 $14,631 $8,228 $0 $13,164 $0 $0 $0 $42,338 35.2%Direct Material $9,958 $11,376 $10,205 $0 $11,757 $0 $0 $0 $43,296 36.0%Inventory Carry $401 $241 $291 $0 $269 $0 $0 $0 $1,202 1.0%Total Variable $16,674 $26,248 $18,724 $0 $25,190 $0 $0 $0 $86,837 72.2%

Contribution Margin $7,471 $13,271 $8,493 $0 $4,191 $0 $0 $0 $33,426 27.8%

Period Costs:Depreciation $3,360 $3,360 $1,900 $0 $880 $0 $0 $0 $9,500 7.9%SG&A: R&D $40 $0 $645 $0 $386 $0 $0 $0 $1,072 0.9% Promotions $1,200 $1,200 $1,200 $0 $1,200 $0 $0 $0 $4,800 4.0% Sales $1,056 $1,056 $1,056 $0 $1,056 $0 $0 $0 $4,224 3.5% Admin $284 $465 $320 $0 $346 $0 $0 $0 $1,415 1.2%Total Period $5,940 $6,081 $5,122 $0 $3,868 $0 $0 $0 $21,010 17.5%

Net Margin $1,531 $7,190 $3,372 $0 $323 $0 $0 $0 $12,416 10.3%


Other $4,065 3.4%EBIT $8,351 6.9%Short Term Interest $1,289 1.1%Long Term Interest $5,603 4.7%Taxes $511 0.4%Profit Sharing $19 0.0%Net Profit $929 0.8%

Annual Report

Annual ReportAnnual Report Ferris C52259 Round: 3

Dec. 31, 2015


ASSETS 2015Common

Size

2014






Cash Flows from Operating Activities 2015 2014NetIncome(Loss) $9,089 $7,860Depreciation $7,253 $5,927Extraordinary gains/losses/writeoffs ($513) ($765)Accounts Payable $1,734 $2,547Inventory $2,056 ($10,019)Accounts Receivable ($3,543) ($1,977)

Net cash from operation $16,076 $3,572Cash Flows from Investing ActivitiesPlant Improvements ($21,440) ($6,910)Cash Flows from Financing ActivitiesDividends Paid $0 ($3,112)Sales of Common Stock $1,459 $0Purchase of Common Stock $0 $0Cash from long term debt $6,893 $0Retirement of long term debt $0 ($1,967)Change in current debt(net) $1,354 $7,554

Net Cash from financing activities $9,706 $2,475Net Change in cash position $4,341 ($862)Closing cash position $24,000 $19,659

Annual Report

Annual Report Ferris C52259 Round: 3Dec. 31, 2015

2015 Income Statement(Product Name) Fast Feat Fist Foam Fume Fox Na Na 2015

TotalCommon

SizeSales $17,973 $32,493 $28,420 $29,269 $34,443 $36,968 $0 $0 $179,565 100.0%

Variable Costs:Direct Labor $7,796 $11,639 $7,891 $8,939 $10,652 $8,039 $0 $0 $54,955 30.6%Direct Material $7,230 $8,743 $11,685 $13,924 $13,410 $15,940 $0 $0 $70,933 39.5%Inventory Carry $387 $9 $362 $457 $455 $90 $0 $0 $1,760 1.0%Total Variable $15,413 $20,390 $19,938 $23,321 $24,517 $24,069 $0 $0 $127,648 71.1%

Contribution Margin $2,560 $12,102 $8,482 $5,948 $9,926 $12,899 $0 $0 $51,917 28.9%

Period Costs:Depreciation $880 $2,000 $840 $1,280 $1,320 $933 $0 $0 $7,253 4.0%SG&A: R&D $0 $1,000 $926 $699 $923 $922 $0 $0 $4,471 2.5% Promotions $900 $1,100 $1,100 $1,100 $1,100 $1,100 $0 $0 $6,400 3.6% Sales $725 $1,305 $1,305 $1,305 $1,305 $1,305 $0 $0 $7,250 4.0% Admin $226 $409 $357 $368 $433 $465 $0 $0 $2,259 1.3%Total Period $2,731 $5,814 $4,529 $4,752 $5,081 $4,726 $0 $0 $27,633 15.4%

Net Margin ($171) $6,289 $3,953 $1,196 $4,845 $8,173 $0 $0 $24,284 13.5%



Annual Report

selected financial statisticsfaculty.cbpp.uaa.alaska.edu/afef/rnd3.pdf · round: 3 dec. 31, 2015...

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