Baldwin — the strategic overview was well-done, although I wondered why you took a five year average for sales and market share rather than giving me the data from the most recent round. I would think this would be easier and would also meet my requirements better.

Please give the sales and percent breakout of each product for the most recent round in future deliveries of this slide. For the forecast versus actual slide, do this in future deliveries — for the sales variance, use the dollar value of the variance to determine if the sales were favorable or unfavorable compared to plan. I think this is what you did, so continue with that.

For all other variances, use the percent of sales to determine if your variances are favorable or unfavorable. The other items — variable costs, contribution margin, period costs, net profit — all these items are heavily dependent on the actual sales level, so it makes greater sense to compare the actual percent of sales to the forecasted percent of sales, not the dollar value. No points were lost for this, but I'd like to see you use these percent of sales figures to determine favorability in future deliveries.

The comparative financial analysis was problematic — I gave a pretty detailed example of what this slide should look like – you use all the ratios from page 1 of the Courier to calculate the industry average ratio for each of the 10 or 15 ratios. Then you compare your company' how to do this and prepare it for the next iterations of this presentation. https://www.youtube.com/watch?v=PLaq8xfFlN8 In the future, you don't have to give me the competitive analysis and the slide you labelled as "Round 4 and 5". But thanks for including them this time around. Your Cash from Operating activities slide was problematic because the audio was not loud.

I had to press my headphones to my ears just to hear anything even faintly. I THINK you said that your operating expenses were lower in 2027, when in fact, it was operating cash flow that was lower. You said it was due to retiring a product, which is a feasible reason for lower sales, thanks for that. The cash from investing slide was also very quiet. But I think I heard you indicate you had no activity one year and then invested in plant and equipment in the most recent year.

Please mention which products you invested in capacity and automation to be specific about where you are spending on these items, and why. For the cash flow from financing slide, you explained very well why you had zero cash from financing in 2026, but didn't address why you had a cash outflow in 2027. Please address both of the most recent two years when explaining all line graphs….also audio was again muffled and low. The ending cash balance also had low audio, but I was barely able to hear it by pressing my headphones to my ears.

Please test this in future presentations to make sure it's loud enough. If not, please re-record. Also, for these cash flow slides, you had a black box over the play button which I presume is for integrate video of your face. Please remove this as it adds nothing to the presentation if it's blacked out. The stock price analysis was excellent in audio clarity and explanation — great job! The future plans slide was excellent in content and explanation. Please incorporate this feedback for Week 6's analysis presentation, and please, take care of the light audio and black square on the cash flow slides so I don't have to send it back for revision before I grade it next time. The points increase to 80 in Week 6 for this presentation, so the stakes are getting higher and higher.