Published on November 30, 2000
|
Exhibit 12 |
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|
Nine Months |
Fiscal Years Ended |
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|
|
2000 |
1999 |
2000 |
1999 |
1998 |
1997 |
1996 |
|
Income before income taxes |
6,903 |
5,904** |
9,083 |
7,323 |
5,719 |
4,877 |
4,359 |
|
Capitalized interest |
(43) |
(30) |
(57) |
(41) |
(33) |
(44) |
(50) |
|
Minority interest |
(72) |
(84) |
(170) |
(153) |
(78) |
(27) |
(13) |
|
Adjusted profit before tax* |
6,788 |
5,790 |
8,856 |
7,129 |
5,608 |
4,806 |
4,296 |
|
|
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|
Fixed charges |
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|
Debt interest |
842 |
502 |
756 |
529 |
555 |
629 |
692 |
|
Capital lease interest |
206 |
197 |
266 |
268 |
229 |
216 |
196 |
|
Capitalized interest |
43 |
30 |
57 |
41 |
33 |
44 |
50 |
|
Interest component of rent |
514 |
379 |
458 |
523 |
477 |
449 |
425 |
|
Total fixed expense |
1,605 |
1,108 |
1,537 |
1,361 |
1,294 |
1,338 |
1,363 |
|
|
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|
Profit before taxes and fixed expenses |
8,393 |
6,898 |
10,393 |
8,490 |
6,902 |
6,144 |
5,659 |
|
|
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|
Fixed charge coverage |
5.23 |
6.23 |
6.76 |
6.24 |
5.33 |
4.59 |
4.15 |
* Does not include the cumulative effect of accounting change recorded by the
Company in Fiscal 2000
** Restated to reflect the impact on the nine months ended October 31, 1999 of the
accounting change recorded by the Company in fiscal 2000.