1. Income Statement Key Metric: EBITDA can be calculated from the top-down (Revenue minus operating expenses) plus depreciation and amortization. Or it can be calculated from the bottom-up (net income plus interest expense plus tax expense plus depreciation and amortization. Calculate two EBITDA numbers for Starbucks using the 2022 10K - one using a top-down calculation and another using the bottom-up calculation.

2. Cross Time Analysis: Using Starbucks' 2022 10K, create a common size income statement for 2022, 2021, and 2020. Keeping the pandemic in mind, identify three items on the common size income statement you just created that you believe are significant.

3. Dividends: Commonwealth Edison ("ComEd") provides electricity in Chicago. The utility is owned by Exelon ("Exelon Corporation and Subsidiary Companies") and Exelon pays a dividend. However, Exelon does not disclose dividends at the bottom of the income statement as discussed in the slides and videos for this week. However, there are at least two other financial statements where they do disclose dividend payments. List at least ONE financial statement (two if you're up for it) that discloses the 2022 and 2020 dividends. What amounts were paid?

4. Performance Analysis: Examine the Gracenat income statement in the slide deck for this week. In roughly one full page, complete a simple income statement analysis. In the analysis, be sure to include:

• Sales compounded annual growth rate (CAGR)
• GPM, OPM and NPM analysis (your initial thoughts)
• Net income CAGR along with your thoughts
• Anything else that you consider interesting/important.