D. Discuss the relation between net income and cash flow from operations for each of the three years.

e. Discuss the relations among cash flows from operating, investing, and financing activities for each of the three years.

F. (Refer to the income statement for Starbucks in Exhibit 1.27) Compute the amount of EBITDA for 2010, 2011, and 2012.

Exhibit 3.34 Starbucks Corporation Comparative Statements of Cash Flows (amounts in millions) (Case 3.1) Fiscal Year Ended Sep 30, 2012 Oct 2, 2011 Oct 3, 2010 OPERATING ACTIVITIES: 1,384.7 1,248.0 948.3 Net earnings including noncontrolling interests Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 580.6 550.00 Gain on sale of properties (30.2 Deferred income taxes, net 61.1 106.2 (42.00 Income earned from equity method investees, net of distributions Gain resulting from acquisition of joint ventures Stock-based compensation Other Cash provided (used) by changes in operating assets and liabilities: Accounts (90.30 (88.7) 33.4) (422.3) Inventories (273.3) 123.2 Accounts payable (105.2) 227,5 Accrued liabi es and insurance reserves 23,7 (81.8) 18.7) Deferred reven 60.8 35.8 Prepaid expenses, other current assets and (19.70 (22.5) 17.3 other assets Net cash provided by operating activities 1,750.3 1612.4 704.9 NVESTING ACTIVITIES: Purchase of investments (1,748.6) (966.0) (549.00 es and calls of investments Matu 1,796.4 430.00 209.9 Acquisitions, net of cash acquired (129.1) (55.8 12.00 (856.2) (531.9) Additions to property, plant and equipment (445.8) Cash proceeds from sale of property, plant, 5.3 5.1 and equipment Other (41.80 (13.2) Net cash used by investing activi (974.0) (789.5