Looking round 3 decision result, Please answer the follow question.

Page 1 Front Page Page 2 Stocks & Bonds Page 3 Financial Summary Page 4 Production Analysis Annual Report Andrews Page 5 Thrift Segment Analysis Page 6 Core Segment Analysis Page 7 Nano Segment Analysis Page 8 Elite Segment Analysis Annual Report Baldwin Page 9 Market Share Page 10 Perceptual Map Page 11 HR/TQM Report Annual Report Chester Annual Report Digby PRINT Top " Round: 3 Student: songhyun Kim Dec. 31, 2016 Andrews songhyun Kim Baldwin songhyun Kim Chester Digby Selected Financial Statistics Andrews Baldwin Chester Digby 9.1% 13.4% 2.0% 2.0% 0.75 1.29 0.72 0.79 6.8% 17.3% 1.4% 1.6% 1.7 1.7 2.6 2.4 11.6% 29.8% 3.7% 3.7% $44,880,800 $0 $0 $0 Sales $116,275,674 $230,940,963 $166,304,690 $194,799,625 EBIT $25,157,209 $55,864,728 $22,126,910 $22,836,832 Profits $10,543,281 $30,899,449 $3,348,922 $3,932,594 Cumulative Profit $20,062,462 $61,457,498 $8,736,065 $10,139,000 SG&A / Sales 15.1% 5.8% 8.2% 11.1% Contrib. Margin % 56.5% 37.8% 35.9% 36.2% ROS Asset Turnover ROA Leverage (Assets/Equity) ROE Emergency Loan COMP-XM INQUIRER Page 1 Top Round: 3 Stocks & Bonds songhyun Kim December 31 , 2016 Stock Market Summary Company Close Change Shares MarketCap ($M) Book Value EPS Dividend Yield P/E Andrews $49.20 ($4.99) 2,051,289 $101 $44.43 $5.14 $0.00 0.0% 9.6 Baldwin $123.01 $38.72 1,909,974 $235 $54.38 $16.18 $0.00 0.0% 7.6 Chester $30.18 $0.78 3,384,349 $102 $26.74 $0.99 $0.00 0.0% 30.5 Digby $38.90 $2.02 3,199,671 $124 $32.90 $1.23 $0.00 0.0% 31.6 Bond Market Summary Company Series# Face Yield Close$ S&P Andrews 11.2S2020 $8,837,000 11.4% 98.17 BBB 11.9S2021 $7,072,000 11.9% 100.36 BBB 11.1S2022 $2,425,572 11.5% 96.70 BBB 11.2S2023 $5,785,949 11.6% 96.80 BBB 11.5S2024 $1,278,536 11.7% 98.01 BBB 11.7S2025 $17,345,167 11.8% 98.93 BBB 12.5S2026 $14,496,544 12.1% 103.40 BBB 11.3S2020 $10,417,600 12.2% 92.69 CC 12.5S2021 $14,665,611 13.1% 95.52 CC 12.5S2022 $7,987,653 13.2% 94.92 CC 12.5S2023 $9,474,381 13.2% 94.39 CC 12.9S2024 $14,417,355 13.5% 95.80 CC 13.4S2025 $28,510,032 13.7% 98.01 CC 14.1S2026 $14,409,877 13.9% 101.58 CC 11.2S2020 $8,607,404 12.0% 93.23 CC 12.4S2021 $5,756,951 12.9% 96.18 CC 11.9S2023 $15,689,911 12.8% 93.03 CC 12.5S2024 $17,785,485 13.1% 95.28 CC 13.2S2025 $33,635,183 13.4% 98.49 CC 13.7S2026 $21,180,322 13.6% 101.06 CC Baldwin Chester Digby Next Year's Prime Rate 9.00% COMP-XM INQUIRER Page 2 Top Financial Summary Cash Flow Statement Survey Round: 3 December 31, 2016 songhyun Kim Andrews Baldwin Chester Digby $10,543 $30,899 $3,349 $3,933 $12,928 $11,071 $17,113 $18,050 $0 $0 $0 $0 ($1,186) $1,282 $1,109 $2,939 Inventory $4,289 ($433) ($9,028) ($8,254) Accounts receivable $1,682 ($3,490) ($494) ($3,580) Net cash from operations $28,256 $39,329 $12,049 $13,087 ($62,776) ($47,400) ($41,200) ($54,986) $0 $0 $0 $0 $1,000 $0 $14,757 $19,666 ($1,000) ($695) $0 $0 Cash from long term debt issued $0 $14,497 $14,410 $21,180 Early retirement of long term debt $0 $0 $0 $0 ($11,300) ($29,064) ($41,392) ($32,677) $0 $22,083 $31,216 $28,890 Cash from emergency loan $44,881 $0 $0 $0 Net cash from financing activities $33,581 $6,820 $18,992 $37,059 Cash flows from operating activities Net Income (Loss) Adjustment for non-cash items: Depreciation Extraordinary gains/losses/writeoffs Changes in current assets and liabilities: Accounts payable Cash flows from investing activities Plant improvements (net) Cash flows from financing activities Dividends paid Sales of common stock Purchase of common stock Retirement of current debt Cash from current debt borrowing Net change in cash position ($939) ($1,251) ($10,159) ($4,840) Andrews Baldwin Chester Digby $0 $35,989 $42,086 $32,385 $9,557 $18,981 $13,669 $16,011 Inventory $23,155 $18,164 $13,094 $16,662 Total Current Assets $32,712 $73,134 $68,848 $65,058 Plant and equipment $193,914 $166,060 $256,700 $270,746 Accumulated Depreciation ($71,112) ($60,268) ($94,582) ($88,249) Total Fixed Assets $122,802 $105,792 $162,118 $182,496 Total Assets $155,514 $178,926 $230,966 $247,554 $3,577 $11,654 $9,370 $10,726 Current Debt $44,881 $22,083 $31,216 $28,890 Long Term Debt $15,909 $41,332 $99,883 $102,655 Total Liabilities $64,367 $75,069 $140,469 $142,272 Common Stock $12,920 $11,045 $51,803 $56,229 Retained Earnings $78,227 $92,813 $38,694 $49,054 Total Equity $91,147 $103,858 $90,498 $105,283 $155,514 $178,926 $230,966 $247,554 Andrews Baldwin Chester Digby $116,276 $230,941 $166,305 $194,800 Variable Costs (Labor, Material, Carry) $50,593 $143,536 $106,543 $124,247 Depreciation $12,928 $11,071 $17,113 $18,050 Balance Sheet Survey Cash Accounts Receivable Accounts Payable Total Liabilities & Owners' Equity Income Statement Survey Sales SGA (R&D, Promo, Sales, Admin) $17,533 $13,485 $13,564 $21,624 Other (Fees, Writeoffs, TQM, Bonuses) $10,065 $6,985 $6,958 $8,042 EBIT $25,157 $55,865 $22,127 $22,837 Interest (Short term, Long term) $8,606 $7,357 $16,870 $16,663 Taxes $5,793 $16,978 $1,840 $2,161 $215 $631 $68 $80 $10,543 $30,899 $3,349 $3,933 Profit Sharing Net Profit COMP-XM INQUIRER Page 3 Top Production Analysis Round: 3 December 31, 2016 songhyun Kim Production Information 2nd Shift & Name Primary Segment Unit Age Units Inven Dec.3 Pfmn Size Sold tory Revision Date 1 MTBF Coord Coord Auto mation Capacity Material Labor Contr. OverNext Next Price Cost Cost Marg. time Round Round Plant Utiliz. Ace Nano 1,067 90 10/4/2016 1.3 21000 11.9 5.2 $38.00 $11.50 $4.28 58% 71% 9.0 628 169% Awe Elite 748 761 11/7/2016 1.2 25000 14.8 7.7 $42.00 $12.66 $3.57 52% 0% 9.0 664 48% Art Thrift 692 199 6/30/2016 1.9 19000 7.7 12.5 $26.00 $6.70 $3.57 59% 0% 9.0 2,199 86% Ant Core 824 486 6/15/2016 1.6 22000 9.3 10.8 $32.00 $8.69 $3.57 Bell Nano 1,782 0 11/4/2016 1.2 23000 13.7 4.5 $34.00 Bit Elite 1,563 105 8/23/2016 1.9 25000 16.5 Bolt Nano 1,402 319 7/2/2016 1.3 23000 Buzz Elite 1,765 400 7/24/2016 Cell Thrift 2,260 166 City Thrift 2,375 Cone Core Cute 58% 0% 9.0 1,126 $13.66 $7.91 39% 100% 7.0 1,200 198% 6.5 $34.00 $14.56 $6.98 35% 81% 7.0 850 179% 14.2 4.0 $37.00 $14.04 $7.50 40% 58% 7.0 1,250 156% 1.3 25000 16.3 6.2 $37.00 $14.57 $7.67 38% 73% 7.0 1,450 171% 6/10/2017 3.7 17000 8.0 12.2 $16.00 $6.80 $3.06 36% 69% 10.0 1,550 167% 378 6/10/2017 3.6 17000 8.2 12.0 $16.00 $6.96 $3.07 35% 72% 10.0 1,800 170% 1,816 248 12/16/2015 2.1 18000 11.1 8.5 $24.00 $9.72 $4.68 38% 86% 8.0 1,250 184% Core 2,023 253 12/18/2015 2.1 20000 11.8 9.0 $24.00 $10.36 $4.63 35% 76% 8.0 1,450 174% Deal Thrift 1,116 422 12/19/2016 2.2 14000 8.7 11.5 $17.00 $6.82 $1.90 51% 12% 10.0 1,250 111% Dim Core 2,118 275 12/7/2014 3.1 16000 9.6 10.6 $19.00 $8.14 $4.23 32% 57% 10.0 1,548 155% Dome Nano 1,336 200 12/16/2016 1.0 18000 13.1 4.4 $30.00 $12.74 $7.25 34% 75% 7.0 1,043 173% Dug Elite 968 223 12/16/2016 1.0 20000 16.2 6.9 $36.00 $13.59 $6.70 43% 31% 6.3 1,043 130% Drat Core 1,785 96 12/24/2016 0.9 16000 11.0 9.1 $21.00 $9.31 $5.85 29% 83% 7.0 1,098 181% Daze Core 1,053 0 2/10/2016 0.9 16000 10.7 9.5 $22.00 $9.03 $4.47 37% 100% 8.0 1,029 176% COMP-XM INQUIRER 93% Page 4 Top Thrift Market Segment Analysis songhyun Kim Round: 3 December 31, 2016 Thrift Statistics Total Industry Unit Demand 6,976 Actual Industry Unit Sales 6,976 Segment % of Total Industry 26.1% Next Year's Segment Growth Rate 11.0% Thrift Customer Buying Criteria Expectations 1. Price 2. Importance $14.00 - 26.00 55% Reliability MTBF 14000-20000 20% 3. Ideal Position Pfmn 8.2 Size 12.0 15% 4. Age Ideal Age = 3.0 10% Perceptual Map for Thrift Segment Top Products in Thrift Segment Market Share Units Sold to Seg City 30% 2,064 6/10/2017 8.2 12.0 Cell 30% 2,059 6/10/2017 8.0 Deal 16% 1,089 12/19/2016 Dim 12% 829 12/7/2014 Name Revision Date Stock Out Age MTBF Dec.31 Promo Budget Cust. Awareness Sales Budget Cust. Accessibility Dec. Cust. Survey $16.00 17000 3.64 $1,250 79% $1,400 75% 55 12.2 $16.00 17000 3.74 $1,250 78% $1,400 75% 54 8.7 11.5 $17.00 14000 2.25 $1,140 66% $1,000 72% 31 9.6 10.6 $19.00 16000 3.11 $1,140 67% $1,000 72% 24 Pfmn Size Coord Coord List Price Art 10% 686 6/30/2016 7.7 12.5 $26.00 19000 1.94 $1,700 100% $1,500 66% 18 Drat 3% 220 12/24/2016 11.0 9.1 $21.00 16000 0.88 $1,140 58% $900 72% 0 Daze 0% 29 2/10/2016 10.7 9.5 $22.00 16000 0.89 $1,140 51% $900 72% 3 YES COMP-XM INQUIRER Page 5 Top Core Market Segment Analysis songhyun Kim Round: 3 December 31, 2016 Core Statistics Total Industry Unit Demand 8,886 Actual Industry Unit Sales 8,886 Segment % of Total Industry 33.3% Next Year's Segment Growth Rate 10.0% Core Customer Buying Criteria Expectations Importance 1. Price $20.00 - 32.00 46% 2. Age Ideal Age = 2.0 20% 3. Reliability MTBF 16000-22000 18% 4. Ideal Position Pfmn 11.2 Size 9.0 16% Perceptual Map for Core Segment Top Products in Core Segment Market Share Units Sold to Seg Age MTBF Dec.31 Promo Budget Cust. Awareness Sales Budget Cust. Accessibility Dec. Cust. Survey Cute 22% 1,930 12/18/2015 11.8 9.0 $24.00 20000 2.10 $1,250 78% $1,100 76% 50 Cone 19% 1,705 12/16/2015 11.1 8.5 $24.00 18000 2.09 $1,250 78% $1,100 76% 44 Drat 18% 1,565 12/24/2016 11.0 9.1 $21.00 16000 0.88 $1,140 58% $900 72% 38 Dim 15% 1,289 12/7/2014 9.6 10.6 $19.00 16000 3.11 $1,140 67% $1,000 72% 26 Daze 12% 1,024 2/10/2016 10.7 9.5 $22.00 16000 0.89 $1,140 51% $900 72% 31 Ant 9% 824 6/15/2016 9.3 10.8 $32.00 22000 1.64 $1,900 100% $1,800 67% 19 City 4% 311 6/10/2017 8.2 12.0 $16.00 17000 3.64 $1,250 79% $1,400 76% 2 Cell 2% 202 6/10/2017 8.0 12.2 $16.00 17000 3.74 $1,250 78% $1,400 76% 0 Deal 0% 27 12/19/2016 8.7 11.5 $17.00 14000 2.25 $1,140 66% $1,000 72% 8 Art 0% 6 6/30/2016 7.7 12.5 $26.00 19000 1.94 $1,700 100% $1,500 67% 0 Bell 0% 4 11/4/2016 13.7 4.5 $34.00 23000 1.24 $1,350 87% $1,000 11% 0 Name Revision Date Stock Out YES YES Pfmn Size Coord Coord List Price COMP-XM INQUIRER Page 6 Top Nano Market Segment Analysis songhyun Kim Round: 3 December 31, 2016 Nano Statistics Total Industry Unit Demand 5,405 Actual Industry Unit Sales 5,405 Segment % of Total Industry 20.3% Next Year's Segment Growth Rate 14.0% Nano Customer Buying Criteria Expectations 1. Ideal Position 2. Importance Pfmn 13.1 Size 4.2 35% Price $28.00 - 40.00 27% 3. Age Ideal Age = 1.0 20% 4. Reliability MTBF 18000-24000 18% Perceptual Map for Nano Segment Top Products in Nano Segment Market Share Units Sold to Seg Bell 25% 1,364 11/4/2016 Bolt 25% 1,338 Dome 22% 1,187 Name Revision Date Age MTBF Dec.31 Promo Budget Cust. Awareness Sales Budget Cust. Accessibility Dec. Cust. Survey $34.00 23000 1.24 $1,350 87% $1,000 83% 62 4.0 $37.00 23000 1.34 $1,350 87% $900 83% 48 4.4 $30.00 18000 1.03 $1,140 67% $1,900 70% 46 Stock Out Pfmn Size Coord Coord YES 13.7 4.5 7/2/2016 14.2 12/16/2016 13.1 List Price Ace 19% 1,000 10/4/2016 11.9 5.2 $38.00 21000 1.26 $1,900 100% $1,700 82% 39 Awe 2% 129 11/7/2016 14.8 7.7 $42.00 25000 1.20 $1,800 100% $1,600 82% 5 Cone 2% 111 12/16/2015 11.1 8.5 $24.00 18000 2.09 $1,250 78% $1,100 18% 2 Buzz 2% 94 7/24/2016 16.3 6.2 $37.00 25000 1.34 $1,350 87% $900 83% 0 Cute 2% 92 12/18/2015 11.8 9.0 $24.00 20000 2.10 $1,250 78% $1,100 18% 1 Dug 1% 70 12/16/2016 16.2 6.9 $36.00 20000 1.04 $1,140 67% $2,200 70% 0 Bit 0% 19 8/23/2016 16.5 6.5 $34.00 25000 1.90 $1,350 87% $1,000 83% 0 COMP-XM INQUIRER Page 7 Top Elite Market Segment Analysis songhyun Kim Round: 3 December 31, 2016 Elite Statistics Total Industry Unit Demand 5,426 Actual Industry Unit Sales 5,426 Segment % of Total Industry 20.3% Next Year's Segment Growth Rate 16.0% Elite Customer Buying Criteria Expectations Importance 1. Age Ideal Age = 0.0 34% 2. Price $30.00 - 42.00 24% 3. Ideal Position Pfmn 16.0 Size 7.1 22% 4. Reliability MTBF 20000-26000 20% Perceptual Map for Elite Segment Top Products in Elite Segment Market Share Units Sold to Seg Buzz 31% 1,671 7/24/2016 16.3 6.2 Bit 28% 1,544 8/23/2016 16.5 Dug 17% 899 12/16/2016 Awe 11% 619 11/7/2016 Bell 8% 415 11/4/2016 Dome 3% 148 Ace 1% Bolt 1% Name Age MTBF Dec.31 Promo Budget Cust. Awareness $37.00 25000 1.34 $1,350 87% 6.5 $34.00 25000 1.90 $1,350 16.2 6.9 $36.00 20000 1.04 14.8 7.7 $42.00 25000 13.7 4.5 $34.00 12/16/2016 13.1 4.4 67 10/4/2016 11.9 64 7/2/2016 14.2 Revision Date Stock Out YES Cust. Accessibility Dec. Cust. Survey $900 87% 48 87% $1,000 87% 47 $1,140 67% $2,200 69% 30 1.20 $1,800 100% $1,600 76% 39 23000 1.24 $1,350 87% $1,000 87% 8 $30.00 18000 1.03 $1,140 67% $1,900 69% 1 5.2 $38.00 21000 1.26 $1,900 100% $1,700 76% 0 4.0 $37.00 23000 1.34 $1,350 87% $900 87% 1 Pfmn Size Coord Coord List Price COMP-XM INQUIRER Sales Budget Page 8 Top Market Share Report songhyun Kim Round: 3 December 31, 2016 Actual Market Share in Units Thrift Core Nano Industry Unit Sales % of Market Elite Total 5,426 26,693 26.1% 33.3% 20.3% 20.3% 100.0% 6,976 8,886 Ace 18.5% 9.8% 4.0% 2.8% 9.8% Bell 0.1% 2.6% 9.3% Ant Total 1.2% 2.4% 11.4% Awe Art 5,405 3.1% 9.3% 20.9% 12.6% 0.0% 25.2% 12.5% Bolt 6.7% 0.4% 28.4% Bit 7.6% 5.9% 24.8% 1.2% 5.3% Buzz 1.8% 30.8% 6.6% Total 0.0% 52.1% 68.1% 24.4% Cell 29.5% 2.3% 8.5% City 29.6% 3.5% 8.9% Cone 19.2% 2.1% 6.8% Cute 21.7% 1.7% 7.6% Total 59.1% 46.7% 3.8% 31.8% Deal 15.6% 0.3% 4.2% Dim 11.9% 14.5% 7.9% Dome 22.0% 5.0% 1.3% 16.6% Dug 2.7% 3.6% Drat 3.2% 17.6% 6.7% Daze 0.4% 11.5% 4.0% Total 31.1% 43.9% 23.3% 19.3% 31.4% Potential Market Share in Units Thrift Core Nano Elite Total 6,976 8,886 5,405 5,426 26,693 26.1% 33.3% 20.3% 20.3% 100.0% Ace 17.9% 1.2% 3.9% Awe 2.3% 11.3% 2.8% Units Demanded % of Market Art 9.8% Total 9.8% 2.6% 9.1% Ant 0.1% 3.0% 20.3% 12.5% 12.3% Bell 27.5% 8.3% 7.3% Bit 0.3% 28.2% 5.8% Bolt 24.0% 1.2% 5.1% Buzz 1.7% 30.6% 6.6% 53.6% 68.3% 24.8% Total 9.2% 0.0% Cell 29.7% 2.3% 8.5% City 29.5% 3.4% 8.9% Cone 18.8% 2.0% 6.7% Cute 21.3% 1.7% 7.4% 3.6% 31.5% Total 59.2% 45.9% Deal 15.5% 0.3% 4.2% Dim 11.8% 14.3% 7.8% Dome 21.3% Drat 3.2% 17.4% 4.9% 1.2% Dug 2.7% 16.4% 3.6% 6.6% Daze 0.5% 13.0% Total 31.0% 44.9% 4.5% 22.5% 19.1% 31.5% COMP-XM INQUIRER Page 9 Top Perceptual Map Round: 3 December 31, 2016 songhyun Kim Perceptual Map for All Segments Andrews Name Chester Pfmn Size Revised Name Ace 11.9 5.2 10/4/2016 Awe 14.8 7.7 Art 7.7 12.5 Digby Pfmn Size Revised Name Pfmn Size Revised Cell 8.0 12.2 6/10/2017 Deal 8.7 11.5 12/19/2016 11/7/2016 City 8.2 12.0 6/10/2017 Dim 9.6 10.6 12/7/2014 6/30/2016 Cone 11.1 8.5 12/16/2015 Dome 13.1 4.4 12/16/2016 Ant 9.3 10.8 6/15/2016 Cute 11.8 9.0 12/18/2015 Name Pfmn Size Bell 13.7 4.5 16.5 6.5 14.2 4.0 16.3 6.2 9.1 12/24/2016 10.7 9.5 2/10/2016 7/2/2016 Buzz 11.0 8/23/2016 Bolt 12/16/2016 11/4/2016 Bit 6.9 Daze Revised 16.2 Drat Baldwin Dug 7/24/2016 COMP-XM INQUIRER Page 10 Top HR/TQM Report Round: 3 December 31, 2016 songhyun Kim HUMAN RESOURCES SUMMARY Andrews Baldwin Chester Digby Needed Complement 201 673 482 652 Complement 201 673 482 652 1st Shift Complement 174 380 275 408 2nd Shift Complement 27 293 208 244 0.1% 0.0% 0.0% 0.0% Overtime% Turnover Rate 6.8% 10.0% 8.0% 6.1% New Employees 14 67 58 171 Separated Employees 60 1 0 0 $5,000 $0 $2,500 $5,000 80 0 40 80 112.3% 100.0% 116.0% 124.5% Recruiting Cost $82 $67 $202 $1,026 Separation Cost $300 $6 $0 $0 Training Cost $322 $0 $386 $1,043 Total HR Admin Cost $704 $73 $588 $2,070 Wages $29.56 $29.56 $29.56 $29.56 Benefits 2,500 2,500 2,500 2,500 Profit Sharing 2.0% 2.0% 2.0% 2.0% Annual Raise 5.0% 5.0% 5.0% 5.0% Recruiting Spend Training Hours Productivity Index Labor Contract Next Year 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 CPI Systems $1,000 $0 $1,250 $1,500 Vendor/JIT $1,000 $0 $1,250 $1,500 Quality Initiative Training $1,000 $1,250 $0 $0 Channel Support Systems $1,000 $1,250 $1,500 $0 Concurrent Engineering $1,000 $1,250 $0 $0 UNEP Green Programs $1,000 $0 $0 $1,500 Benchmarking $1,000 $0 $0 $1,500 Quality Function Deployment Effort $1,000 $0 $0 $0 CCE/6 Sigma Training $1,000 $1,250 $750 $0 GEMI TQEM Sustainability Initiatives $1,000 $1,250 $750 $0 $10,000 $6,250 $5,500 $6,000 Material Cost Reduction 11.80% 6.43% 6.03% 1.41% Labor Cost Reduction 14.00% 13.93% 1.78% 0.05% Reduction R&D Cycle Time 40.01% 39.79% 0.00% 0.00% Reduction Admin Costs 60.02% 0.00% 16.23% 43.11% Demand Increase 14.40% 9.37% 5.47% 0.45% Process Mgt Budgets Last Year TQM Budgets Last Year Total Expenditures Cumulative Impacts COMP-XM INQUIRER Page 11 PRINT Annual Report Top Annual Report Andrews C59559 Balance Sheet DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. ASSETS 2016 2015 Common Size Cash Accounts Receivable Inventory $0 0.0% $939 $9,557 6.1% $11,239 $23,155 14.9% $27,444 21.0% $39,622 Total Current Assets $32,712 Plant & Equipment $193,914 124.7% $131,138 Accumulated Depreciation ($71,112) -45.7% ($58,185) 79.0% $72,953 Total Fixed Assets $122,802 Round: 7 Dec. 31, 2016 Total Assets $155,514 100.0% $112,576 $3,577 2.3% $4,764 Current Debt $44,881 28.9% $11,300 Long Term Debt $15,909 10.2% $15,909 41.4% $31,973 LIABILITIES & OWNERS' EQUITY Accounts Payable Total Liabilities $64,367 Common Stock $12,920 8.3% $12,080 Retained Earnings $78,227 50.3% $68,524 $91,147 58.6% $80,604 $155,514 100.0% $112,576 Total Equity Total Liab. & O. Equity Cash Flow Statement The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Cash Flows from Operating Activities: 2016 2015 Net Income (Loss) $10,543 $11,510 Depreciation $12,928 $8,743 $0 ($254) ($1,186) ($4,390) $4,289 $5,876 $1,682 $1,906 $28,256 $23,391 ($62,776) $7,929 $0 $0 $1,000 $0 ($1,000) $0 Cash from long term debt $0 $0 Retirement of long term debt $0 ($11,300) Extraordinary gains/losses/writeoffs Accounts Payable Inventory Accounts Receivable Net cash from operations Cash Flows from Investing Activities: Plant Improvements Cash Flows from Financing Activities: Dividends Paid Sales of Common Stock Purchase of Common Stock Change in current debt (net) Net cash from financing activities Net change in cash position Closing cash position Annual Report $33,581 ($19,080) $33,581 ($30,380) ($939) $939 $0 $939 Page 1 Top Annual Report Andrews Round: 7 Dec. 31, 2016 C59559 2016 Income Statement (Product Name:) 2016 Common Total Size Ace Awe Art Ant Na Na Na Na $40,529 $31,398 $17,995 $26,353 $0 $0 $0 $0 $116,276 100.0% $4,734 $4,355 $2,469 $3,032 $0 $0 $0 $0 $14,590 12.5% $12,316 $9,008 $4,648 $7,253 $0 $0 $0 $0 $33,225 28.6% $173 $1,632 $246 $728 $0 $0 $0 $0 $2,779 2.4% Total Variable $17,223 $14,996 $7,363 $11,012 $0 $0 $0 $0 $50,593 43.5% Contribution Margin $23,307 $16,403 $10,631 $15,342 $0 $0 $0 $0 $65,682 56.5% Depreciation $1,758 $1,859 $6,157 $3,153 $0 $0 $0 $0 $12,928 11.1% SG&A: R&D $770 $866 $505 $462 $0 $0 $0 $0 $2,603 2.2% Promotions $1,900 $1,800 $1,700 $1,900 $0 $0 $0 $0 $7,300 6.3% Sales $1,700 $1,600 $1,500 $1,800 $0 $0 $0 $0 $6,600 5.7% $359 $278 $159 $233 $0 $0 $0 $0 $1,029 0.9% Total Period $6,487 $6,403 $10,022 $7,548 $0 $0 $0 $0 $30,460 26.2% Net Margin $16,819 $9,999 $610 $7,794 $0 $0 $0 $0 $35,222 30.3% Sales Variable Costs: Direct Labor Direct Material Inventory Carry Period Costs: Admin Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures 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 each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include 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 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 year's 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. Other $10,065 8.7% EBIT $25,157 21.6% Short Term Interest $6,774 5.8% LongTerm Interest $1,831 1.6% Taxes $5,793 5.0% $215 0.2% $10,543 9.1% Profit Sharing Net Profit Page 2 Annual Report PRINT Annual Report Top Annual Report Baldwin C59559 Round: 7 Dec. 31, 2016 Balance Sheet DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. ASSETS 2016 2015 Common Size Cash $35,989 20.1% $37,240 Accounts Receivable $18,981 10.6% $15,491 Inventory $18,164 10.2% $17,731 40.9% $70,462 Total Current Assets $73,134 Plant & Equipment $166,060 92.8% $118,660 Accumulated Depreciation ($60,268) -33.7% ($49,197) Total Fixed Assets $105,792 59.1% $69,463 Total Assets $178,926 100.0% $139,925 LIABILITIES & OWNERS' EQUITY Accounts Payable $11,654 6.5% $10,372 Current Debt $22,083 12.3% $29,064 Long Term Debt $41,332 23.1% $26,835 Total Liabilities $75,069 42.0% $66,271 Common Stock $11,045 6.2% $11,150 Retained Earnings $92,813 51.9% $62,503 Total Equity $103,858 58.0% $73,653 Total Liab. & O. Equity $178,926 100.0% $139,925 Cash Flow Statement The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Cash Flows from Operating Activities: 2016 2015 Net Income (Loss) $30,899 $19,275 Depreciation $11,071 $7,911 $0 $0 Accounts Payable $1,282 $2,442 Inventory ($433) ($3,720) ($3,490) ($3,441) $39,329 $22,466 Extraordinary gains/losses/writeoffs Accounts Receivable Net cash from operations Cash Flows from Investing Activities: Plant Improvements ($47,400) ($24,700) Cash Flows from Financing Activities: Dividends Paid $0 $0 Sales of Common Stock $0 $2,346 ($695) $0 $14,497 $17,345 Purchase of Common Stock Cash from long term debt Retirement of long term debt $0 ($11,300) ($6,981) $14,794 $6,820 $23,185 Net change in cash position ($1,251) $20,951 Closing cash position $35,989 $37,240 Change in current debt (net) Net cash from financing activities Page 1 Annual Report Top Annual Report Baldwin Round: 7 Dec. 31, 2016 C59559 2016 Income Statement (Product Name:) 2016 Common Total Size Bell Bit Bolt Buzz Na Na Na Na $60,598 $53,141 $51,889 $65,313 $0 $0 $0 $0 $230,941 100.0% Direct Labor $14,095 $11,302 $10,652 $13,625 $0 $0 $0 $0 $49,673 21.5% Direct Material $23,193 $22,803 $19,837 $25,849 $0 $0 $0 $0 $91,683 39.7% $0 $274 $831 $1,074 $0 $0 $0 $0 $2,180 0.9% $37,288 $34,379 $31,321 $40,548 $0 $0 $0 $0 $143,536 62.2% Sales Variable Costs: Inventory Carry Total Variable Contribution Margin $23,310 $18,762 $20,569 $24,765 $0 $0 $0 $0 $87,405 37.8% Depreciation $3,024 $1,927 $2,833 $3,287 $0 $0 $0 $0 $11,071 4.8% SG&A: R&D $858 $655 $510 $571 $0 $0 $0 $0 $2,595 1.1% Promotions $1,350 $1,350 $1,350 $1,350 $0 $0 $0 $0 $5,400 2.3% Sales $1,000 $1,000 $900 $900 $0 $0 $0 $0 $3,800 1.6% $443 $389 $380 $478 $0 $0 $0 $0 $1,690 0.7% Total Period $6,676 $5,321 $5,973 $6,585 $0 $0 $0 $0 $24,555 10.6% Net Margin $16,634 $13,441 $14,596 $18,179 $0 $0 $0 $0 $62,850 27.2% Period Costs: Admin Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures 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 each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include 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 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 year's 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. Other $6,985 3.0% EBIT $55,865 24.2% Short Term Interest $2,451 1.1% LongTerm Interest $4,906 2.1% $16,978 7.4% $631 0.3% $30,899 13.4% Taxes Profit Sharing Net Profit Page 2 Annual Report PRINT Annual Report Top Annual Report Chester C59559 Balance Sheet DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. ASSETS 2016 2015 Common Size Cash $42,086 18.2% $52,245 Round: 7 Dec. 31, 2016 Accounts Receivable $13,669 5.9% $13,175 Inventory $13,094 5.7% $4,066 29.8% $69,486 Total Current Assets $68,849 Plant & Equipment $256,700 111.1% $215,500 Accumulated Depreciation ($94,582) -41.0% ($77,469) Total Fixed Assets $162,118 70.2% $138,031 Total Assets $230,966 100.0% $207,517 $9,370 4.1% $8,261 Current Debt $31,216 13.5% $41,392 Long Term Debt $99,883 43.2% $85,473 60.8% $135,126 LIABILITIES & OWNERS' EQUITY Accounts Payable Total Liabilities $140,469 Common Stock $51,803 22.4% $37,046 Retained Earnings $38,694 16.8% $35,345 $90,497 39.2% $72,391 $230,966 100.0% $207,517 Total Equity Total Liab. & O. Equity Cash Flow Statement The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Cash Flows from Operating Activities: Net Income (Loss) Depreciation Extraordinary gains/losses/writeoffs Accounts Payable Inventory Accounts Receivable Net cash from operations 2016 2015 $3,349 $683 $17,113 $14,367 $0 $0 $1,109 ($403) ($9,028) $7,041 ($494) ($721) $12,049 $20,967 Cash Flows from Investing Activities: Plant Improvements ($41,200) ($37,940) Cash Flows from Financing Activities: Dividends Paid Sales of Common Stock Purchase of Common Stock Cash from long term debt Retirement of long term debt Change in current debt (net) Net cash from financing activities Net change in cash position Closing cash position $0 $0 $14,757 $9,374 $0 $0 $14,410 $28,510 $0 ($11,300) ($10,176) $16,210 $18,992 $42,794 ($10,159) $25,821 $42,086 $52,245 Page 1 Annual Report Top Annual Report Chester Round: 7 Dec. 31, 2016 C59559 2016 Income Statement (Product Name:) 2016 Common Total Size Cell City Cone Cute Na Na Na Na $36,165 $38,006 $43,591 $48,543 $0 $0 $0 $0 $166,305 100.0% $6,907 $7,311 $8,526 $9,375 $0 $0 $0 $0 $32,119 19.3% $15,886 $17,091 $18,267 $21,608 $0 $0 $0 $0 $72,852 43.8% $200 $466 $439 $465 $0 $0 $0 $0 $1,571 0.9% Total Variable $22,994 $24,868 $27,232 $31,449 $0 $0 $0 $0 $106,543 64.1% Contribution Margin $13,172 $13,137 $16,359 $17,094 $0 $0 $0 $0 $59,762 35.9% Depreciation $4,753 $5,520 $3,167 $3,673 $0 $0 $0 $0 $17,113 10.3% SG&A: R&D $1,000 $1,000 $0 $0 $0 $0 $0 $0 $2,000 1.2% Promotions $1,250 $1,250 $1,250 $1,250 $0 $0 $0 $0 $5,000 3.0% Sales $1,400 $1,400 $1,100 $1,100 $0 $0 $0 $0 $5,000 3.0% $340 $357 $410 $456 $0 $0 $0 $0 $1,564 0.9% Total Period $8,743 $9,527 $5,926 $6,480 $0 $0 $0 $0 $30,677 18.4% Net Margin $4,428 $3,610 $10,433 $10,614 $0 $0 $0 $0 $29,085 17.5% Sales Variable Costs: Direct Labor Direct Material Inventory Carry Period Costs: Admin Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures 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 each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include 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 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 year's 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. Other $6,958 4.2% EBIT $22,127 13.3% Short Term Interest $3,964 2.4% LongTerm Interest $12,905 7.8% $1,840 1.1% $68 0.0% $3,349 2.0% Taxes Profit Sharing Net Profit Page 2 Annual Report PRINT Annual Report Top Annual Report Digby C59559 Balance Sheet DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. ASSETS 2016 2015 Common Size Cash $32,385 13.1% $37,224 Accounts Receivable $16,011 6.5% $12,431 Inventory $16,662 6.7% $8,408 26.3% $58,063 Total Current Assets $65,058 Plant & Equipment $270,746 109.4% $215,760 Accumulated Depreciation ($88,249) -35.6% ($70,200) Total Fixed Assets $182,497 73.7% $145,560 Total Assets $247,554 100.0% $203,624 Round: 7 Dec. 31, 2016 LIABILITIES & OWNERS' EQUITY Accounts Payable $10,726 4.3% $7,787 Current Debt $28,890 11.7% $32,677 $102,655 41.5% $81,475 57.5% $121,939 Long Term Debt Total Liabilities $142,271 Common Stock $56,229 22.7% $36,563 Retained Earnings $49,054 19.8% $45,121 Total Equity $105,283 42.5% $81,684 Total Liab. & O. Equity $247,554 100.0% $203,624 Cash Flow Statement The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Cash Flows from Operating Activities: 2016 2015 Net Income (Loss) $3,933 $18,050 $13,024 $0 $0 $2,939 $1,421 ($8,254) $3,599 ($3,580) ($3,056) $13,087 Depreciation $3,077 $18,065 Extraordinary gains/losses/writeoffs Accounts Payable Inventory Accounts Receivable Net cash from operations Cash Flows from Investing Activities: Plant Improvements ($54,986) ($50,460) Cash Flows from Financing Activities: Dividends Paid $0 $19,666 $18,015 $0 $0 $21,180 Sales of Common Stock $0 $33,635 Purchase of Common Stock Cash from long term debt Retirement of long term debt $0 ($11,300) ($3,787) $10,921 Net cash from financing activities $37,059 $51,270 Net change in cash position ($4,840) $18,875 Closing cash position $32,385 $37,224 Change in current debt (net) Page 1 Annual Report Top Annual Report Digby Round: 7 Dec. 31, 2016 C59559 2016 Income Statement (Product Name:) Deal Dim Dome Dug Drat Daze Na Na 2016 Common Total Size Sales $18,965 $40,247 $40,073 $34,864 $37,482 $23,167 $0 $0 $194,800 100.0% Direct Labor $2,178 $9,037 $9,588 $6,563 $10,450 $4,710 $0 $0 $42,526 21.8% Direct Material $6,682 $17,857 $16,569 $12,841 $15,990 $9,782 $0 $0 $79,721 40.9% $403 $420 $470 $536 $171 $0 $0 $0 $1,999 1.0% Total Variable $9,262 $27,313 $26,627 $19,941 $26,611 $14,492 $0 $0 $124,247 63.8% Contribution Margin $9,703 $12,934 $13,446 $14,923 $10,871 $8,675 $0 $0 $70,553 36.2% Depreciation $3,833 $4,747 $2,364 $2,169 $2,489 $2,447 $0 $0 $18,050 9.3% SG&A: R&D $983 $0 $973 $973 $995 $114 $0 $0 $4,039 2.1% Promotions $1,140 $1,140 $1,140 $1,140 $1,140 $1,140 $0 $0 $6,840 3.5% Sales $1,000 $1,000 $1,900 $2,200 $900 $900 $0 $0 $7,900 4.1% $277 $588 $585 $509 $548 $338 $0 $0 $2,846 1.5% Total Period $7,233 $7,475 $6,963 $6,992 $6,072 $4,939 $0 $0 $39,674 20.4% Net Margin $2,469 $5,459 $6,484 $7,931 $4,799 $3,736 $0 $0 $30,879 15.9% Variable Costs: Inventory Carry Period Costs: Admin Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures 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 each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include 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 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 year's 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. Other $8,042 4.1% EBIT $22,837 11.7% Short Term Interest $3,553 1.8% LongTerm Interest $13,110 6.7% Taxes Profit Sharing Net Profit Annual Report $2,161 1.1% $80 0.0% $3,933 2.0% Page 2