2. Reformulate the income statement(s) (.e., Consolidated Statement of Earnings) for the (two) years 2017 & 2018 from the traditionally accepted GAAP format to the alternate format (as discussed in the lecture on Financial Flexibility - alternate decomposition of ROCE) where all Operating Expenses are deducted from Revenues in the first section as well as applicable taxes (using the effective tax rate) to arrive at Net Operating Profit After Tax (or NOPAT). Next, subtract all financing expenses (net of taxes) or Net Financing Expense (after tax) to arrive at Net Income available to common. This should give you the following equality: NOPAT-Net Financing Expense (after-tax) = Net Income Available to Common 12 Months Ended Oct. 01, 2017 Sep. 30, 2018 2. Oct. 02, 2016 Consolidated Statements of Earnings - USD ($) shares in Millions, Sin Millions 3 Net Revenues: 4 Revenues 5 Cost of sales including occupancy costs 6 store operating expenses 7 Other operating expenses 8 Depreciation and amortization expenses 9 General and administrative expenses 10 Restructuring Charges 11 Total operating expenses 12 Income from equity investees 13 Operating income 14 Gain resulting from acquisition of joint venture 15 Gain (Loss) on Disposition of Business 16 Interest income and other, net 17 Interest expense 18 Earnings before income taxes 19 Income Tax Expense (Benefit) 20 Net earnings including noncontrolling interests 21 Net earnings/(loss) attributable to noncontrolling interests 22 Net earnings attributable to Starbucks 23 Earnings Per Share, Basic 24 Earnings Per Share, Diluted 25 Weighted average shares outstanding: 26 Basic 27 Diluted 28 Company operated stores [Member] 29 Net Revenues: 30 Revenues 31 Licensed stores (Member 32 Net Revenues: 33 Revenues 34 Product and Service, Other (Member) 35 Net Revenues: 36 Revenues $ 24,719.5 10,174.5 7,193.2 539.3 1,247 1,759 224.4 21,137.4 301.2 3,883.3 1,376.4 499.2 191.4 (170.3) 5,780 1,262 4,518 (0.3) $4,518.3 $ 3.27 $ 3.24 $ 22,386.8 9,034.3 6,493.3 500.3 1,011.4 1.450.7 153.5 18,643.5 391.4 4,134.7 0 93.5 181.8 (92.5) 4,317.5 1,432.6 2,884.9 0.2 $ 2,884.7 $ 1.99 $1.97 $ 21,315.9 8,509 6,064.3 499.2 980.8 1,408.9 0 17,462.2 318.2 4,171.9 0 5.4 102.6 (81.3) 4,198.6 1,379.7 2,818.9 1.2 $ 2,817.7 $1.91 $ 1.90 1,382.7 1,34.6 1,449.5 1,461.5 1,471.6 1,486.7 $ 19,690.3 $ 17,650.7 $ 16,844.1 2,652.2 2,355 2,154.2 $ 2,377 $ 2,381.1 $ 2,317.6