Question

create a pro forma income state for Dave & Buster

Answer 1

Pro forma Income Statement-Dave and Busters

Particulars Year-2019 (Amount)

Food and beverage revenues	$     536,469
Amusement and other revenues	728,832
Total revenues	1,265,301
Cost of food and beverage	139,199
Cost of amusement and other	81,064
Total cost of products	220,263
Operating payroll and benefits	296,924
Other store operating expenses	384,155
General and administrative expenses	61,521
Depreciation and amortization expense	118,275
Pre-opening costs	23,163
Total operating costs	1,104,301
Operating income	161,000
Interest expense, net	13,113
Loss on debt retirement	—
Income before provision for income taxes	147,887
Provision for income taxes	30,666
Net income	117,221
Unrealized foreign currency translation gain (loss)	(434)
Total comprehensive income	$     116,787