Cupcakes: Place cake mix, water, eggs, oil and almond extract in mixer bowl.
Using a paddle, mix on low speed 30 seconds.
Scrape bowl and paddle. Mix on low speed 30 seconds.
Add sliced almonds and continue to mix on low speed 15 seconds.
Using #20 scoop (2 1/2 oz batter), scale batter into well-buttered, cupcake pans.
For standard oven*, bake at 350°F 18-23 minutes; for convection oven, bake at 300°F 15-20 minutes or until toothpick inserted into center comes out clean.
Let cool 3 minutes, then remove from pan and cool completely.
Brush cupcakes sides with melted butter and dip in turbinado (raw) sugar to coat the cupcake sides.
For Icing: Prepare icing mix as directed on package, adding almond extract.
Ice cupcakes. Sprinkle with sliced almonds and toasted coconut, if desired. *For presentation, bake cupcakes in standard oven.