1. Prepare a common-size income statement by expressing each item on the income statement as a percent of total sales or total revenue. DoF this directly in the financial statements, using appropriate Excel formulas. (Manually entered responses will earn zero credit.) Do this for all years on the income statement.

2. Use the income statement to respond to the following items:

1. What are the major expenses? What percentage of total revenue does each represent?

2. Are there any unusual or discontinued items reported on the income statement? If so, are they large in magnitude?

3. Was the company more or less profitable when compared with the prior year?

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions Income Statement [Abstract] Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic (in dollars per share) Diluted (in dollars per share) Shares used in computing earnings per share: Basic (in shares) Diluted (in shares) 12 Months Ended Sep. 29, 2018 Sep. 30, 2017 Sep. 24, 2016 $ 265,595 $ 229,234 $ 215,639 163,756 141,048 131,376 101,839 88,186 84,263 14,236 11,581 10,045 16,705 15,261 14,194 30,941 26,842 24,239 70,898 61,344 60,024 2,005 2,745 1,348 72,903 64,089 61,372 13,372 15,738 15,685 $ 59,531 $ 48,351 $ 45,687 $ 12.01 $9.27 $ 8.35 $11.91 $ 9.21 $ 8.31 4,955,377 5,217,242 5,470,820 5,000,109 5,251,692 5,500,281