• Page 1 Front Page
  • Page 2 Stocks & Bonds
  • Page 3 Financial Analysis
  • Page 4 Production Analysis
  • Page 5 Traditional Segment Analysis
  • Page 6 Low End Segment Analysis
  • Page 7 High End Segment Analysis
  • Page 8 Performance Segment Analysis
  • Page 9 Size Segment Analysis
  • Page 10 Market Share
  • Page 11 Perceptual Map
  • Page 12 HR/TQM Report

    • Annual Report Andrews Annual Report Baldwin Annual Report Chester Annual Report Digby

    Top

    		CAPSTONE® COURIER
    Selected Financial Statistics
      Andrews Baldwin Chester Digby
    ROS 0.7% 0.1% 3.3% 0.2%
    Turnover 0.78 1.16 1.23 1.45
    ROA 0.5% 0.1% 4.1% 0.3%
    Leverage 2.3 2.8 2.0 2.3
    ROE 1.2% 0.4% 8.2% 0.7%
    Emergency Loan $0 $0 $0 $0
    Sales $122,412,682 $167,340,889 $147,053,946 $220,974,547
    EBIT $11,385,747 $10,701,648 $14,283,460 $9,570,040
    Profits $859,980 $188,073 $4,921,067 $490,070
    Cumulative Profit $7,805,678 $223,085 $16,293,314 $14,705,758
    SG&A / Sales 16.2% 12.7% 17.7% 15.9%
    Contrib. Margin % 38.4% 29.3% 37.4% 27.7%
    Percent of Sales Bar Chart Market Share Pie Chart
    Comp-XM® Inquirer Page 1
     

     

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    Stocks & Bonds CAPSTONE® COURIER
    Stock Market Summary
    Company Close Change Shares MarketCap ($M) Book Value EPS Dividend Yield P/E
    Andrews $27.72 $0.66 2,601,478 $72 $26.74 $0.33 $0.00 0.0% 83.6
    Baldwin $10.77 $0.93 2,525,298 $27 $20.64 $0.07 $0.00 0.0% 142.7
    Chester $39.73 $5.35 2,000,000 $79 $30.02 $2.46 $0.00 0.0% 16.1
    Digby $30.67 ($3.86) 2,224,381 $68 $29.88 $0.22 $0.00 0.0% 138.6
    Closing Stock Price Chart
    Bond Market Summary
                   
      Company Series# Face Yield Close S&P  
                   
      Andrews            
        14.0S2016 $20,850,000 13.9% $101.00 CCC  
        10.8S2021 $8,000,000 12.2% $88.64 CCC  
        12.2S2023 $15,000,000 13.0% $93.93 CCC  
        12.7S2024 $10,000,000 13.2% $96.26 CCC  
                   
      Baldwin            
        14.0S2016 $20,850,000 14.0% $100.00 C  
        11.5S2022 $5,000,000 13.0% $88.40 C  
        12.0S2023 $8,000,000 13.3% $90.11 C  
        13.0S2024 $20,000,000 13.7% $94.78 C  
                   
      Chester            
        14.0S2016 $20,850,000 13.7% $102.01 B  
        10.8S2021 $4,000,000 11.9% $91.10 B  
        11.8S2022 $7,000,000 12.4% $95.17 B  
                   
      Digby            
        14.0S2016 $20,850,000 13.9% $101.00 CCC  
        11.4S2022 $10,000,000 12.6% $90.53 CCC  
        12.2S2023 $4,000,000 13.0% $93.93 CCC  
        12.7S2024 $6,000,000 13.2% $96.26 CCC  
                   
    Comp-XM® Inquirer Page 2
     

     

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    Financial Analysis CAPSTONE® COURIER  
    Cash Flow Statement Survey Andrews Baldwin Chester Digby
    Cash flows from operating activities        
    Net Income (Loss) $860 $188 $4,921 $490
    Adjustment for non-cash items:        
       Depreciation $10,015 $10,407 $9,220 $9,640
       Extraordinary gains/losses/writeoffs ($338) $0 ($13) $0
    Changes in current assets and liabilities:        
       Accounts payable ($957) $4,628 ($462) $4,469
       Inventory ($4,203) ($1,511) $306 ($19,140)
       Accounts receivable $1,658 ($4,870) ($299) ($4,371)
    Net cash from operations $7,034 $8,843 $13,673 ($8,912)
           
    Cash flows from investing activities        
    Plant improvements (net) ($24,950) ($28,460) ($10,380) ($11,800)
    Cash flows from financing activities        
    Dividends paid $0 $0 $0 $0
    Sales of common stock $3,000 $4,142 $0 $6,000
    Purchase of common stock $0 $0 $0 $0
    Cash from long term debt issued $10,000 $20,000 $0 $6,000
    Early retirement of long term debt $0 $0 ($5,000) $0
    Retirement of current debt ($13,200) ($10,000) ($14,000) ($12,000)
    Cash from current debt borrowing $14,000 $15,000 $12,000 $17,000
    Cash from emergency loan $0
    		 $0
    		 $0
    		 $0
    Net cash from financing activities $13,800 $29,142 ($7,000) $17,000
             
    Net change in cash position ($4,116) $9,525 ($3,707) ($3,712)
    Balance Sheet Survey Andrews Baldwin Chester Digby
    Cash $21,933 $17,650 $3,089 $10,277
    Accounts Receivable $10,061 $13,754 $12,087 $18,162
    Inventory $14,063 $13,785 $27,999 $40,336
    Total Current Assets $46,058 $45,189 $43,175 $68,776
             
    Plant and equipment $169,218 $169,100 $138,300 $144,600
    Accumulated Depreciation ($57,288) ($69,703) ($61,428) ($60,867)
    Total Fixed Assets $111,930 $99,397 $76,872 $83,733
             
    Total Assets $157,987
    		 $144,586
    		 $120,047
    		 $152,509
             
    Accounts Payable $6,678 $9,718 $7,264 $14,300
    Current Debt $27,900 $28,900 $20,887 $30,900
    Long Term Debt $53,850 $53,850 $31,850 $40,850
    Total Liabilities $88,428 $92,468 $60,001 $86,050
             
    Common Stock $36,360 $26,502 $18,360 $26,360
    Retained Earnings $33,199 $25,617 $41,687 $40,099
    Total Equity $69,559 $52,119 $60,047 $66,459
             
    Total Liabilities & Owners' Equity $157,987
    		 $144,586
    		 $120,047
    		 $152,509
    Income Statement Survey Andrews Baldwin Chester Digby
    Sales $122,413 $167,341 $147,054 $220,975
    Variable Costs (Labor, Material, Carry) $75,461 $118,374 $92,045 $159,684
    Depreciation $10,015 $10,407 $9,220 $9,640
    SGA (R&D, Promo, Sales, Admin) $19,840 $21,251 $26,044 $35,181
    Other (Fees, Writeoffs, TQM, Bonuses) $5,712 $6,607 $5,462 $6,900
    EBIT $11,386 $10,702 $14,283 $9,570
    Interest (Short term, Long term) $10,036 $10,406 $6,558 $8,801
    Taxes $473 $103 $2,704 $269
    Profit Sharing $18 $4 $100 $10
    Net Profit $860 $188 $4,921 $490
    Comp-XM® Inquirer Page 3
     

     

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    Production Analysis CAPSTONE® COURIER  
    Production vs Capacity Chart
    Production Information
    Name Primary Segment Units Sold Unit Inven tory Revision Date Age Dec.31 MTBF Pfmn Coord Size Coord Price Material Cost Labor Cost Contr. Marg. 2nd Shift &
    Over-
    time    		 Auto mation Next Round Capacity Next Round Plant Utiliz.
    Able Low 947 142 2/13/2014 4.0 12000 5.0 15.0 $19.00 $5.96 $6.30 33% 0% 6.0 1,200 91%
    Acre Low 1,908 114 1/29/2014 8.6 12000 3.0 17.0 $19.00 $4.40 $5.49 46% 32% 7.0 1,400 134%
    Adam Trad 1,287 0 11/4/2014 1.4 16000 8.0 11.7 $27.00 $9.54 $7.24 35% 40% 7.0 900 143%
    Aft 0 0 6/14/2013 2.7 25000 10.3 14.8 $32.00 $0.00 $0.00 0% 0% 3.0 1 0%
    Ate High 475 397 4/26/2014 1.4 23000 10.5 8.8 $38.00 $13.62 $7.60 35% 36% 7.0 500 139%
    Axis High 404 96 6/28/2014 0.5 23000 12.0 7.0 $38.00 $14.90 $7.37 39% 91% 8.0 500 100%
    Ache 0 0 5/8/2015 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 8.0 500 0%
                                   
    Baker Low 806 580 1/21/2014 4.0 14000 5.5 15.1 $21.00 $7.05 $6.58 28% 0% 6.5 1,400 99%
    Bead Low 1,522 401 4/13/2014 4.7 14000 4.5 15.7 $20.00 $6.39 $6.27 34% 7% 7.0 1,400 106%
    Bid Trad 1,260 0 1/11/2014 2.4 17000 7.9 12.2 $28.00 $10.11 $9.14 27% 25% 5.0 800 124%
    Bold Trad 891 0 1/11/2014 2.4 17000 8.6 12.6 $28.00 $10.25 $9.66 28% 50% 5.0 600 149%
    Buddy Trad 1,089 0 1/11/2014 2.4 17000 7.4 11.6 $28.00 $10.17 $10.14 27% 83% 5.0 600 182%
    Brass High 769 23 6/24/2014 0.9 23000 12.6 8.0 $38.00 $15.55 $10.32 32% 100% 5.0 450 198%
    Brat 0 0 7/11/2015 0.0 0 0.0 0.0 $0.00 $0.00 $0.00 0% 0% 5.0 500 0%
                                   
    Cake Trad 891 0 12/15/2014 1.3 15000 7.3 12.7 $25.50 $8.59 $5.36 47% 0% 6.8 1,100 89%
    Cedar Low 2,438 283 11/28/2015 8.6 12000 3.0 17.0 $18.50 $4.40 $5.20 45% 73% 8.5 1,400 177%
    Cid High 599 591 12/26/2014 1.1 23000 12.2 7.8 $36.50 $14.66 $8.65 29% 31% 4.8 600 132%
    Coat Pfmn 805 443 12/24/2014 1.2 26000 13.7 12.8 $31.50 $14.60 $7.81 24% 84% 5.8 550 188%
    Cure Size 1,016 78 12/24/2014 1.2 18000 7.3 6.7 $31.50 $12.17 $7.34 36% 37% 5.8 500 139%
                                   
    Daze Trad 1,424 358 8/8/2014 1.5 19000 8.3 11.7 $28.00 $10.96 $8.97 27% 80% 5.5 1,000 178%
    Dell Low 1,918 498 5/21/2015 8.6 15500 3.0 17.0 $20.50 $5.63 $7.24 34% 57% 6.5 1,400 156%
    Dixie High 802 373 9/8/2014 1.2 24000 12.2 7.9 $38.00 $15.55 $9.59 30% 70% 4.5 500 168%
    Dot Pfmn 950 220 7/21/2014 1.4 26000 13.8 13.0 $33.00 $15.24 $9.75 22% 83% 5.0 600 182%
    Dune Size 1,201 48 8/13/2014 1.3 19500 7.8 6.8 $33.00 $13.22 $9.75 30% 83% 5.0 600 182%
    Doom Pfmn 872 255 5/18/2014 1.0 26000 13.7 13.0 $33.00 $15.19 $9.93 20% 100% 5.0 550 198%
    Dust Size 349 186 6/3/2014 0.6 19000 7.8 7.0 $33.00 $12.97 $9.81 26% 89% 5.0 550 107%
                                   
    Comp-XM® Inquirer Page 4
     

     

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    Traditional Market Segment Analysis CAPSTONE® COURIER  
    Traditional Statistics
    Total Industry Unit Demand 7,003
    Actual Industry Unit Sales 7,003
    Segment % of Total Industry 28.4%
    Growth Rate 9.2%
    Traditional Customer Buying Criteria
        Expectations Importance
    1. Age Ideal Age = 2.0 47%
    2. Price $18.00 - 28.00 23%
    3. Ideal Position Pfmn 7.8 Size12.2 21%
    4. Reliability MTBF 14000-19000 9%
    		Accessibility Chart
    Perceptual Map for Traditional Segment
    Perceptual Map for Traditional    		 Market Share Actual vs Potential Chart
    Top Products in Traditional Segment
    Name Market Share Units Sold to Seg Revision
    Date    		 Stock Out Pfmn Coord Size Coord List
    Price    		 MTBF Age Dec.31 Promo
    Budget    		 Sales Budget Customer Aware-
    ness    		 December Customer Survey
    Daze 20% 1,415 8/8/2014 8.3 11.7 $28.00 19000 1.5 $2,300 $1,718 100% 44
    Adam 18% 1,282 11/4/2014 YES 8.0 11.7 $27.00 16000 1.4 $1,550 $1,040 90% 34
    Bid 18% 1,254 1/11/2014 YES 7.9 12.2 $28.00 17000 2.4 $1,700 $1,012 99% 50
    Buddy 15% 1,036 1/11/2014 YES 7.4 11.6 $28.00 17000 2.4 $1,700 $1,012 84% 42
    Bold 13% 884 1/11/2014 YES 8.6 12.6 $28.00 17000 2.4 $1,700 $1,012 86% 42
    Cake 12% 849 12/15/2014 YES 7.3 12.7 $25.50 15000 1.3 $1,575 $2,250 95% 33
    Baker 3% 191 1/21/2014 5.5 15.1 $21.00 14000 4.0 $1,700 $1,012 100% 2
    Able 1% 91 2/13/2014 5.0 15.0 $19.00 12000 4.0 $1,550 $1,430 87% 0
    Comp-XM® Inquirer Page 5
     

     

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    Low End Market Segment Analysis CAPSTONE® COURIER  
    Low End Statistics
    Total Industry Unit Demand 9,299
    Actual Industry Unit Sales 9,299
    Segment % of Total Industry 37.8%
    Growth Rate 11.7%
    Low End Customer Buying Criteria
        Expectations Importance
    1. Price $13.00 - 23.00 53%
    2. Age Ideal Age = 7.0 24%
    3. Ideal Position Pfmn 3.7 Size16.3 16%
    4. Reliability MTBF 12000-17000 7%
    		Accessibility Chart
    Perceptual Map for Low End Segment
    Perceptual Map for Low End    		 Market Share Actual vs Potential Chart
    Top Products in Low End Segment
    Name Market Share Units Sold to Seg Revision
    Date    		 Stock Out Pfmn Coord Size Coord List
    Price    		 MTBF Age Dec.31 Promo
    Budget    		 Sales Budget Customer Aware-
    ness    		 December Customer Survey
    Cedar 26% 2,438 11/28/2015 3.0 17.0 $18.50 12000 8.6 $1,575 $2,362 94% 30
    Dell 21% 1,918 5/21/2015 3.0 17.0 $20.50 15500 8.6 $2,300 $1,718 100% 24
    Acre 21% 1,908 1/29/2014 3.0 17.0 $19.00 12000 8.6 $1,550 $1,170 82% 24
    Bead 16% 1,522 4/13/2014 4.5 15.7 $20.00 14000 4.7 $1,700 $1,012 100% 22
    Able 9% 857 2/13/2014 5.0 15.0 $19.00 12000 4.0 $1,550 $1,430 87% 14
    Baker 7% 615 1/21/2014 5.5 15.1 $21.00 14000 4.0 $1,700 $1,012 100% 10
    Cake 0% 42 12/15/2014 YES 7.3 12.7 $25.50 15000 1.3 $1,575 $2,250 95% 0
    Comp-XM® Inquirer Page 6
     

     

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    High End Market Segment Analysis CAPSTONE® COURIER  
    High End Statistics
    Total Industry Unit Demand 3,104
    Actual Industry Unit Sales 3,104
    Segment % of Total Industry 12.6%
    Growth Rate 16.2%
    High End Customer Buying Criteria
        Expectations Importance
    1. Ideal Position Pfmn12.5 Size 7.5 43%
    2. Age Ideal Age = 0.0 29%
    3. Reliability MTBF 20000-25000 19%
    4. Price $28.00 - 38.00 9%
    		Accessibility Chart
    Perceptual Map for High End Segment
    Perceptual Map for High End    		 Market Share Actual vs Potential Chart
    Top Products in High End Segment
    Name Market Share Units Sold to Seg Revision
    Date    		 Stock Out Pfmn Coord Size Coord List
    Price    		 MTBF Age Dec.31 Promo
    Budget    		 Sales Budget Customer Aware-
    ness    		 December Customer Survey
    Dixie 26% 802 9/8/2014 12.2 7.9 $38.00 24000 1.2 $2,100 $1,718 100% 53
    Brass 25% 769 6/24/2014 12.6 8.0 $38.00 23000 0.9 $1,550 $1,265 79% 45
    Cid 19% 599 12/26/2014 12.2 7.8 $36.50 23000 1.1 $1,550 $2,362 91% 50
    Ate 15% 475 4/26/2014 10.5 8.8 $38.00 23000 1.4 $1,700 $1,235 86% 18
    Axis 13% 404 6/28/2014 12.0 7.0 $38.00 23000 0.5 $1,700 $1,625 65% 44
    Dust 1% 16 6/3/2014 7.8 7.0 $33.00 19000 0.6 $2,100 $1,964 71% 1
    Daze 0% 10 8/8/2014 8.3 11.7 $28.00 19000 1.5 $2,300 $1,718 100% 0
    Bold 0% 7 1/11/2014 YES 8.6 12.6 $28.00 17000 2.4 $1,700 $1,012 86% 0
    Dune 0% 7 8/13/2014 7.8 6.8 $33.00 19500 1.3 $2,100 $1,718 100% 0
    Bid 0% 6 1/11/2014 YES 7.9 12.2 $28.00 17000 2.4 $1,700 $1,012 99% 0
    Buddy 0% 6 1/11/2014 YES 7.4 11.6 $28.00 17000 2.4 $1,700 $1,012 84% 0
    Adam 0% 3 11/4/2014 YES 8.0 11.7 $27.00 16000 1.4 $1,550 $1,040 90% 0
    Comp-XM® Inquirer Page 7
     

     

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    Performance Market Segment Analysis CAPSTONE® COURIER  
    Performance Statistics
    Total Industry Unit Demand 2,630
    Actual Industry Unit Sales 2,630
    Segment % of Total Industry 10.7%
    Growth Rate 19.8%
    Performance Customer Buying Criteria
        Expectations Importance
    1. Reliability MTBF 22000-27000 43%
    2. Ideal Position Pfmn13.4 Size13.2 29%
    3. Price $23.00 - 33.00 19%
    4. Age Ideal Age = 1.0 9%
    		Accessibility Chart
    Perceptual Map for Performance Segment
    Perceptual Map for Performance    		 Market Share Actual vs Potential Chart
    Top Products in Performance Segment
    Name Market Share Units Sold to Seg Revision
    Date    		 Stock Out Pfmn Coord Size Coord List
    Price    		 MTBF Age Dec.31 Promo
    Budget    		 Sales Budget Customer Aware-
    ness    		 December Customer Survey
    Dot 36% 950 7/21/2014 13.8 13.0 $33.00 26000 1.4 $2,100 $1,718 100% 52
    Doom 33% 872 5/18/2014 13.7 13.0 $33.00 26000 1.0 $2,100 $1,718 90% 50
    Coat 31% 805 12/24/2014 13.7 12.8 $31.50 26000 1.2 $1,600 $2,137 89% 45
    Adam 0% 2 11/4/2014 YES 8.0 11.7 $27.00 16000 1.4 $1,550 $1,040 90% 0
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    Size Market Segment Analysis CAPSTONE® COURIER  
    Size Statistics
    Total Industry Unit Demand 2,590
    Actual Industry Unit Sales 2,590
    Segment % of Total Industry 10.5%
    Growth Rate 18.3%
    Size Customer Buying Criteria
        Expectations Importance
    1. Ideal Position Pfmn 6.8 Size 6.6 43%
    2. Age Ideal Age = 1.5 29%
    3. Reliability MTBF 16000-21000 19%
    4. Price $23.00 - 33.00 9%
    		Accessibility Chart
    Perceptual Map for Size Segment
    Perceptual Map for Size    		 Market Share Actual vs Potential Chart
    Top Products in Size Segment
    Name Market Share Units Sold to Seg Revision
    Date    		 Stock Out Pfmn Coord Size Coord List
    Price    		 MTBF Age Dec.31 Promo
    Budget    		 Sales Budget Customer Aware-
    ness    		 December Customer Survey
    Dune 46% 1,194 8/13/2014 7.8 6.8 $33.00 19500 1.3 $2,100 $1,718 100% 46
    Cure 39% 1,016 12/24/2014 7.3 6.7 $31.50 18000 1.2 $1,550 $2,137 89% 46
    Dust 13% 332 6/3/2014 7.8 7.0 $33.00 19000 0.6 $2,100 $1,964 71% 29
    Buddy 2% 47 1/11/2014 YES 7.4 11.6 $28.00 17000 2.4 $1,700 $1,012 84% 0
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    Market Share Report CAPSTONE® COURIER  
    Units Sold vs Demand Chart Market Share by Segment Chart
    Actual Market Share in Units
     TradLow HighPfmn SizeTotal
    Industry Unit
    Sales    		 7,003 9,299 3,104 2,630 2,590 24,626
    % of Market 28.4% 37.8% 12.6% 10.7% 10.5% 100.0%
     
    Able 1.3% 9.2% 3.9%
    Acre 20.5% 7.8%
    Adam 18.3% 0.1% 0.1% 5.2%
    Ate 15.3% 1.9%
    Axis 13.0% 1.6%
    Total 19.6% 29.7% 28.4% 0.1% 20.4%
     
    Baker 2.7% 6.6% 3.3%
    Bead 16.4% 6.2%
    Bid 17.9% 0.2% 5.1%
    Bold 12.6% 0.2% 3.6%
    Buddy 14.8% 0.2% 1.8% 4.4%
    Brass 24.8% 3.1%
    Total 48.1% 23.0% 25.4% 1.8% 25.7%
     
    Cake 12.1% 0.5% 3.6%
    Cedar 26.2% 9.9%
    Cid 19.3% 2.4%
    Coat 30.6% 3.3%
    Cure 39.2% 4.1%
    Total 12.1% 26.7% 19.3% 30.6% 39.2% 23.4%
     
    Daze 20.2% 0.3% 5.8%
    Dell 20.6% 7.8%
    Dixie 25.8% 3.3%
    Dot 36.1% 3.9%
    Dune 0.2% 46.1% 4.9%
    Doom 33.2% 3.5%
    Dust 0.5% 12.8% 1.4%
    Total 20.2% 20.6% 26.9% 69.3% 59.0% 30.5%
    Potential Market Share in Units
     TradLow HighPfmnSizeTotal
    Units
    Demanded    		 7,003 9,299 3,104 2,630 2,590 24,626
    % of Market 28.4% 37.8% 12.6% 10.7% 10.5% 100.0%
     
    Able 1.2% 9.2% 3.8%
    Acre 20.5% 7.7%
    Adam 15.7% 0.1% 0.1% 4.5%
    Ate 14.7% 1.9%
    Axis 12.9% 1.6%
    Total 17.2% 29.7% 27.7% 5.2% 20.2%
     
    Baker 2.5% 6.6% 3.2%
    Bead 16.4% 6.2%
    Bid 18.2% 0.2% 5.2%
    Bold 15.2% 0.2% 4.3%
    Buddy 15.7% 0.2% 1.9% 4.7%
    Brass 27.2% 3.4%
    Total 51.5% 23.0% 27.7% 1.9% 27.0%
     
    Cake 14.1% 0.5% 4.2%
    Cedar 26.2% 9.9%
    Cid 18.5% 2.3%
    Coat 29.0% 3.1%
    Cure 39.2% 4.1%
    Total 14.1% 26.7% 18.6% 29.0% 39.2% 23.7%
     
    Daze 17.2% 0.3% 4.9%
    Dell 20.6% 7.8%
    Dixie 25.0% 3.1%
    Dot 34.3% 3.7%
    Dune 0.2% 46.1% 4.9%
    Doom 31.5% 3.4%
    Dust 0.5% 12.8% 1.4%
    Total 17.2% 20.6% 26.0% 65.8% 58.9% 29.2%
    Comp-XM® Inquirer Page 10
     

     

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    Perceptual Map CAPSTONE® COURIER  
    Perceptual Map for All Segments
    Perceptual Map for All Segments
    Andrews
    NamePfmn SizeRevised
    Able 5.0 15.02/13/2014
    Acre 3.0 17.01/29/2014
    Adam 8.0 11.711/4/2014
    Aft 10.3 14.86/14/2013
    Ate 10.5 8.84/26/2014
    Axis 12.0 7.06/28/2014
    Baldwin
    NamePfmn SizeRevised
    Baker 5.5 15.11/21/2014
    Bead 4.5 15.74/13/2014
    Bid 7.9 12.21/11/2014
    Bold 8.6 12.61/11/2014
    Buddy 7.4 11.61/11/2014
    Brass 12.6 8.06/24/2014
    Chester
    NamePfmn SizeRevised
    Cake 7.3 12.712/15/2014
    Cedar 3.0 17.011/28/2015
    Cid 12.2 7.812/26/2014
    Coat 13.7 12.812/24/2014
    Cure 7.3 6.712/24/2014
    Digby
    NamePfmn SizeRevised
    Daze 8.3 11.78/8/2014
    Dell 3.0 17.05/21/2015
    Dixie 12.2 7.99/8/2014
    Dot 13.8 13.07/21/2014
    Dune 7.8 6.88/13/2014
    Doom 13.7 13.05/18/2014
    Dust 7.8 7.06/3/2014
     
     
     
     
     
     
     
     
    Comp-XM® Inquirer Page 11
     

     

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    HR/TQM Report CAPSTONE® COURIER  
    HUMAN RESOURCES SUMMARY
      Andrews Baldwin Chester Digby    
    Needed Complement 573 950 585 1,212
    Complement 617 920 615 1,188
    1st Shift Complement 476 716 425 684
    2nd Shift Complement 141 204 190 504
     
    Overtime% 0.0% 4.1% 0.0% 3.5%
    Turnover Rate 7.9% 9.0% 8.8% 8.6%
    New Employees 49 454 54 402
    Separated Employees 160 0 98 0
    Recruiting Spend $3,000 $2,200 $2,000 $2,500
    Training Hours 50 35 30 40
    Productivity Index 108.8% 103.1% 103.2% 105.4%
     
    Recruiting Cost $195 $1,451 $162 $1,407
    Separation Cost $800 $0 $490 $0
    Training Cost $617 $644 $369 $950
    Total HR Admin Cost $1,612 $2,095 $1,021 $2,357
     
    Labor Contract Next Year
    Wages $25.53 $25.53 $25.53 $25.53
    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%
     
    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    
    Process Mgt Budgets Last Year
    CPI Systems $900 $0 $900 $0
    Vendor/JIT $900 $0 $900 $0
    Quality Initiative Training $900 $0 $900 $0
    Channel Support Systems $0 $900 $0 $900
    Concurrent Engineering $0 $900 $0 $900
    UNEP Green Programs $900 $900 $900 $900
     
    TQM Budgets Last Year
    Benchmarking $0 $900 $0 $900
    Quality Function Deployment Effort $0 $900 $0 $900
    CCE/6 Sigma Training $900 $0 $900 $900
    GEMI TQEM Sustainability Initiatives $900 $900 $900 $900
    Total Expenditures $5,400 $5,400 $5,400 $6,300
     
    Cumulative Impacts
    Material Cost Reduction 5.79% 0.64% 5.79% 1.69%
    Labor Cost Reduction 7.13% 0.06% 7.13% 1.19%
    Reduction R&D Cycle Time 0.00% 30.04% 0.00% 30.04%
    Reduction Admin Costs 5.60% 25.58% 5.60% 25.58%
    Demand Increase 0.75% 7.03% 0.75% 7.59%
    Comp-XM® Inquirer Page 12
     

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    Annual Report
    Annual Report Andrews
    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 2014 2013
         Common
    Size
    Cash $21,933   13.9%$26,049
    Accounts Receivable $10,061   6.4%$11,720
    Inventory $14,063   8.9%$9,860
    Total Current Assets  $46,057 29.2%$47,629
          
    Plant & Equipment $169,218   107.1%$149,680
    Accumulated Depreciation ($57,288)   -36.3%($53,024)
    Total Fixed Assets  $111,930 70.8%$96,656
    Total Assets  $157,987 100.0%$144,284
    LIABILITIES & OWNERS' EQUITY     
          
    Accounts Payable $6,678   4.2%$7,635
    Current Debt $27,900   17.7%$13,200
    Long Term Debt $53,850   34.1%$57,750
    Total Liabilities  $88,428 56.0%$78,585
          
    Common Stock $36,360   23.0%$33,360
    Retained Earnings $33,199   21.0%$32,339
    Total Equity  $69,559 44.0%$65,699
    Total Liab. & O. Equity  $157,987 100.0%$144,284
    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 Flow Summary Chart
    Cash Flows from Operating Activities: 2014 2013
    Net Income (Loss) $860 ($17)
    Depreciation $10,015 $8,979
    Extraordinary gains/losses/writeoffs ($338) ($733)
    Accounts Payable ($957) $1,266
    Inventory ($4,203) $7,188
    Accounts Receivable $1,658
    		 ($2,166)
    Net cash from operations $7,034 $14,516
    Cash Flows from Investing Activities: 
    Plant Improvements ($24,950) ($29,440)
    Cash Flows from Financing Activities: 
    Dividends Paid $0 $0
    Sales of Common Stock $3,000 $10,000
    Purchase of Common Stock $0 $0
    Cash from long term debt $10,000 $15,000
    Retirement of long term debt ($13,900) $0
    Change in current debt (net) $14,700
    		 ($3,750)
    Net cash from financing activities $13,800 $21,250
    Net change in cash position ($4,116) $6,326
    Closing cash position $21,933 $26,049
    Andrews Annual Report Page 1
     
    Annual Report Andrews
    2014 Income Statement
    (Product Name:) Able Acre Adam Aft Na Ate Axis Ache 2014
    Total     		Common
    Size
    Sales $17,998 $36,250 $34,755 $0 $0 $18,046 $15,364 $0 $122,413 100.0%
                       
    Variable Costs:                    
    Direct Labor $5,969 $10,610 $9,315 $0 $0 $3,967 $2,979 $0 $32,840 26.8%
    Direct Material $5,923 $9,007 $13,155 $0 $0 $6,751 $6,096 $0 $40,933 33.4%
    Inventory Carry $214 $141 $0 $0 $0 $1,075 $258 $0 $1,688 1.4%
    Total Variable $12,105 $19,758 $22,470 $0 $0 $11,794 $9,334 $0 $75,461 61.6%
     
    Contribution Margin $5,893 $16,492 $12,285 $0 $0 $6,253 $6,030 $0 $46,952 38.4%
                       
     
    Period Costs:                    
    Depreciation $2,400 $3,173 $2,040 $1 $0 $1,133 $1,267 $0 $10,015 8.2%
    SG&A: R&D $120 $80 $853 $0 $0 $321 $495 $1,000 $2,869 2.3%
        Promotions $1,550 $1,550 $1,550 $0 $0 $1,700 $1,700 $0 $8,050 6.6%
        Sales $1,430 $1,170 $1,040 $0 $0 $1,235 $1,625 $0 $6,500 5.3%
        Admin $356 $717 $687 $0 $0 $357 $304 $0 $2,421 2.0%
    Total Period $5,856 $6,690 $6,171 $1 $0 $4,746 $5,390 $1,000 $29,854 24.4%
     
    Net Margin $37 $9,802 $6,114 ($1) $0 $1,507 $639 ($1,000) $17,098 14.0%
                       
    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 $5,712 4.7%
    EBIT $11,386 9.3%
    Short Term Interest $3,153 2.6%
    LongTerm Interest $6,883 5.6%
    Taxes $473 0.4%
    Profit Sharing $18 0.0%
    Net Profit $860 0.7%
    Variable Margins Chart
    Profit Chart Market Share Chart
    ROE Chart Asset Turnover Chart
    ROS Chart ROA Chart
    Andrews Annual Report Page 2
     

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    Annual Report
    Annual Report Baldwin
    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 2014 2013
         Common
    Size
    Cash $17,650   12.2%$8,126
    Accounts Receivable $13,754   9.5%$8,884
    Inventory $13,785   9.5%$12,274
    Total Current Assets  $45,189 31.3%$29,284
          
    Plant & Equipment $169,100   117.0%$140,640
    Accumulated Depreciation ($69,703)   -48.2%($59,296)
    Total Fixed Assets  $99,397 68.7%$81,344
    Total Assets  $144,586 100.0%$110,628
    LIABILITIES & OWNERS' EQUITY     
          
    Accounts Payable $9,718   6.7%$5,089
    Current Debt $28,900   20.0%$10,000
    Long Term Debt $53,850   37.2%$47,750
    Total Liabilities  $92,468 64.0%$62,839
          
    Common Stock $26,502   18.3%$22,360
    Retained Earnings $25,617   17.7%$25,429
    Total Equity  $52,119 36.0%$47,789
    Total Liab. & O. Equity  $144,586 100.0%$110,628
    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 Flow Summary Chart
    Cash Flows from Operating Activities: 2014 2013
    Net Income (Loss) $188 ($10,621)
    Depreciation $10,407 $9,376
    Extraordinary gains/losses/writeoffs $0 $0
    Accounts Payable $4,628 ($2,631)
    Inventory ($1,511) $15,594
    Accounts Receivable ($4,870)
    		 $1,024
    Net cash from operations $8,843 $12,741
    Cash Flows from Investing Activities: 
    Plant Improvements ($28,460) ($12,640)
    Cash Flows from Financing Activities: 
    Dividends Paid $0 $0
    Sales of Common Stock $4,142 $0
    Purchase of Common Stock $0 $0
    Cash from long term debt $20,000 $8,000
    Retirement of long term debt ($13,900) $0
    Change in current debt (net) $18,900
    		 ($6,950)
    Net cash from financing activities $29,142 $1,050
    Net change in cash position $9,525 $1,151
    Closing cash position $17,650 $8,126
    Baldwin Annual Report Page 1
     
    Annual Report Baldwin
    2014 Income Statement
    (Product Name:) Baker Bead Bid Bold Buddy Brass Brat Na 2014
    Total     		Common
    Size
    Sales $16,931 $30,439 $35,293 $24,952 $30,497 $29,230 $0 $0 $167,341 100.0%
                       
    Variable Costs:                    
    Direct Labor $5,306 $9,959 $11,459 $8,611 $11,042 $7,936 $0 $0 $54,313 32.5%
    Direct Material $5,879 $9,536 $14,203 $9,386 $11,374 $12,029 $0 $0 $62,407 37.3%
    Inventory Carry $966 $617 $0 $0 $0 $71 $0 $0 $1,654 1.0%
    Total Variable $12,151 $20,112 $25,662 $17,997 $22,416 $20,036 $0 $0 $118,374 70.7%
     
    Contribution Margin $4,780 $10,327 $9,630 $6,955 $8,081 $9,193 $0 $0 $48,966 29.3%
                       
     
    Period Costs:                    
    Depreciation $2,987 $3,173 $1,387 $1,040 $1,040 $780 $0 $0 $10,407 6.2%
    SG&A: R&D $56 $285 $28 $28 $28 $484 $1,000 $0 $1,909 1.1%
        Promotions $1,700 $1,700 $1,700 $1,700 $1,700 $1,550 $0 $0 $10,050 6.0%
        Sales $1,012 $1,012 $1,012 $1,012 $1,012 $1,265 $0 $0 $6,325 3.8%
        Admin $300 $540 $626 $442 $541 $518 $0 $0 $2,967 1.8%
    Total Period $6,055 $6,710 $4,752 $4,222 $4,321 $4,597 $1,000 $0 $31,658 18.9%
     
    Net Margin ($1,275) $3,617 $4,878 $2,733 $3,760 $4,596 ($1,000) $0 $17,309 10.3%
                       
    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 $6,607 3.9%
    EBIT $10,702 6.4%
    Short Term Interest $3,352 2.0%
    LongTerm Interest $7,054 4.2%
    Taxes $103 0.1%
    Profit Sharing $4 0.0%
    Net Profit $188 0.1%
    Variable Margins Chart
    Profit Chart Market Share Chart
    ROE Chart Asset Turnover Chart
    ROS Chart ROA Chart
    Baldwin Annual Report Page 2
     

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    Annual Report
    Annual Report Chester
    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 2014 2013
         Common
    Size
    Cash $3,089   2.6%$6,797
    Accounts Receivable $12,087   10.1%$11,788
    Inventory $27,999   23.3%$28,306
    Total Current Assets  $43,175 36.0%$46,891
          
    Plant & Equipment $138,300   115.2%$127,920
    Accumulated Depreciation ($61,428)   -51.2%($52,208)
    Total Fixed Assets  $76,872 64.0%$75,712
    Total Assets  $120,047 100.0%$122,602
    LIABILITIES & OWNERS' EQUITY     
          
    Accounts Payable $7,264   6.1%$7,726
    Current Debt $20,887   17.4%$14,000
    Long Term Debt $31,850   26.5%$45,750
    Total Liabilities  $60,001 50.0%$67,476
          
    Common Stock $18,360   15.3%$18,360
    Retained Earnings $41,687   34.7%$36,766
    Total Equity  $60,047 50.0%$55,126
    Total Liab. & O. Equity  $120,047 100.0%$122,602
    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 Flow Summary Chart
    Cash Flows from Operating Activities: 2014 2013
    Net Income (Loss) $4,921 $2,324
    Depreciation $9,220 $8,528
    Extraordinary gains/losses/writeoffs ($13) ($397)
    Accounts Payable ($462) ($1,009)
    Inventory $306 ($1,501)
    Accounts Receivable ($299)
    		 ($826)
    Net cash from operations $13,673 $7,120
    Cash Flows from Investing Activities: 
    Plant Improvements ($10,380) ($2,430)
    Cash Flows from Financing Activities: 
    Dividends Paid $0 $0
    Sales of Common Stock $0 $0
    Purchase of Common Stock $0 $0
    Cash from long term debt $0 $0
    Retirement of long term debt ($13,887) $0
    Change in current debt (net) $6,887
    		 ($2,950)
    Net cash from financing activities ($7,000) ($2,950)
    Net change in cash position ($3,707) $1,740
    Closing cash position $3,089 $6,797
    Chester Annual Report Page 1
     

    Annual Report Chester
    2014 Income Statement
    (Product Name:) Cake Cedar Cid Coat Cure Na Na Na 2014
    Total     		Common
    Size
    Sales $22,724 $45,103 $21,879 $25,353 $31,995 $0 $0 $0 $147,054 100.0%
                       
    Variable Costs:                    
    Direct Labor $4,775 $12,880 $5,136 $6,549 $8,129 $0 $0 $0 $37,470 25.5%
    Direct Material $7,335 $11,415 $8,668 $11,593 $12,204 $0 $0 $0 $51,215 34.8%
    Inventory Carry $0 $339 $1,634 $1,199 $187 $0 $0 $0 $3,360 2.3%
    Total Variable $12,110 $24,633 $15,438 $19,342 $20,521 $0 $0 $0 $92,045 62.6%
     
    Contribution Margin $10,614 $20,469 $6,441 $6,011 $11,474 $0 $0 $0 $55,009 37.4%
                       
     
    Period Costs:                    
    Depreciation $2,435 $3,733 $1,008 $1,071 $973 $0 $0 $0 $9,220 6.3%
    SG&A: R&D $967 $1,000 $1,000 $994 $994 $0 $0 $0 $4,954 3.4%
        Promotions $1,575 $1,575 $1,550 $1,600 $1,550 $0 $0 $0 $7,850 5.3%
        Sales $2,250 $2,362 $2,362 $2,137 $2,137 $0 $0 $0 $11,248 7.6%
        Admin $308 $611 $296 $344 $433 $0 $0 $0 $1,992 1.4%
    Total Period $7,534 $9,281 $6,216 $6,145 $6,087 $0 $0 $0 $35,264 24.0%
     
    Net Margin $3,079 $11,188 $225 ($134) $5,387 $0 $0 $0 $19,745 13.4%
                       
    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 $5,462 3.7%
    EBIT $14,283 9.7%
    Short Term Interest $2,381 1.6%
    LongTerm Interest $4,177 2.8%
    Taxes $2,704 1.8%
    Profit Sharing $100 0.1%
    Net Profit $4,921 3.3%
    Variable Margins Chart
    Profit Chart Market Share Chart
    ROE Chart Asset Turnover Chart
    ROS Chart ROA Chart
    Chester Annual Report Page 2
     

    Top
    Annual Report
    Annual Report Digby
    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 2014 2013
         Common
    Size
    Cash $10,277   6.7%$13,989
    Accounts Receivable $18,162   11.9%$13,791
    Inventory $40,336   26.4%$21,197
    Total Current Assets  $68,775 45.1%$48,977
          
    Plant & Equipment $144,600   94.8%$132,800
    Accumulated Depreciation ($60,867)   -39.9%($51,227)
    Total Fixed Assets  $83,733 54.9%$81,573
    Total Assets  $152,509 100.0%$130,550
    LIABILITIES & OWNERS' EQUITY     
          
    Accounts Payable $14,300   9.4%$9,831
    Current Debt $30,900   20.3%$12,000
    Long Term Debt $40,850   26.8%$48,750
    Total Liabilities  $86,050 56.4%$70,581
          
    Common Stock $26,360   17.3%$20,360
    Retained Earnings $40,099   26.3%$39,609
    Total Equity  $66,459 43.6%$59,969
    Total Liab. & O. Equity  $152,509 100.0%$130,550
    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 Flow Summary Chart
    Cash Flows from Operating Activities: 2014 2013
    Net Income (Loss) $490 $135
    Depreciation $9,640 $8,053
    Extraordinary gains/losses/writeoffs $0 ($783)
    Accounts Payable $4,469 $841
    Inventory ($19,140) ($5,261)
    Accounts Receivable ($4,371)
    		 ($1,410)
    Net cash from operations ($8,912) $1,575
    Cash Flows from Investing Activities: 
    Plant Improvements ($11,800) ($7,950)
    Cash Flows from Financing Activities: 
    Dividends Paid $0 $0
    Sales of Common Stock $6,000 $0
    Purchase of Common Stock $0 $0
    Cash from long term debt $6,000 $4,000
    Retirement of long term debt ($13,900) $0
    Change in current debt (net) $18,900
    		 ($5,950)
    Net cash from financing activities $17,000 ($1,950)
    Net change in cash position ($3,712) ($8,325)
    Closing cash position $10,277 $13,989
    Digby Annual Report Page 1
     
    Annual Report Digby
    2014 Income Statement
    (Product Name:) Daze Dell Dixie Dot Dune Doom Dust Na 2014
    Total     		Common
    Size
    Sales $39,885 $39,319 $30,469 $31,365 $39,636 $28,785 $11,516 $0 $220,975 100.0%
                       
    Variable Costs:                    
    Direct Labor $12,776 $13,842 $7,864 $9,282 $11,728 $8,733 $3,425 $0 $67,649 30.6%
    Direct Material $15,385 $11,314 $12,317 $14,446 $15,714 $13,435 $4,583 $0 $87,194 39.5%
    Inventory Carry $849 $784 $1,126 $659 $132 $778 $511 $0 $4,840 2.2%
    Total Variable $29,009 $25,940 $21,307 $24,387 $27,574 $22,947 $8,519 $0 $159,684 72.3%
     
    Contribution Margin $10,876 $13,379 $9,162 $6,978 $12,061 $5,838 $2,997 $0 $61,291 27.7%
                       
     
    Period Costs:                    
    Depreciation $1,867 $2,987 $800 $1,040 $1,040 $953 $953 $0 $9,640 4.4%
    SG&A: R&D $610 $1,000 $696 $560 $623 $383 $428 $0 $4,300 1.9%
        Promotions $2,300 $2,300 $2,100 $2,100 $2,100 $2,100 $2,100 $0 $15,100 6.8%
        Sales $1,718 $1,718 $1,718 $1,718 $1,718 $1,718 $1,964 $0 $12,272 5.6%
        Admin $633 $624 $484 $498 $629 $457 $183 $0 $3,509 1.6%
    Total Period $7,128 $8,629 $5,797 $5,916 $6,111 $5,612 $5,628 $0 $44,821 20.3%
     
    Net Margin $3,748 $4,750 $3,365 $1,062 $5,951 $226 ($2,631) $0 $16,470 7.5%
                       
    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 $6,900 3.1%
    EBIT $9,570 4.3%
    Short Term Interest $3,492 1.6%
    LongTerm Interest $5,309 2.4%
    Taxes $269 0.1%
    Profit Sharing $10 0.0%
    Net Profit $490 0.2%
    Variable Margins Chart
    Profit Chart Market Share Chart
    ROE Chart Asset Turnover Chart
    ROS Chart ROA Chart
    Digby Annual Report Page 2
     
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