Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

September 11, 2002

Exhibit 12

Statement re computation of ratios

Six Months Ended

Fiscal Years Ended

7/31/2002
7/31/2001

2002

2001

2000

1999

1998

Income before income taxes

5,832 

4,832

10,751

10,116

9,083

7,323

5,719

Capitalized interest

(65)

(47)

(130)

(93)

(57)

(41)

(33)

Minority interest

(86)

(67)

(183)

(129)

(170)

(153)

(78)

Adjusted profit before tax

5,681

4,718

10,438

9,894

8,856 *

7,129

5,608

                              

Fixed Charges

Debt interest

415 

569

1,052

1,095

756

529

555

Capital lease interest

128 

135 

274

279

266

268

229

Capitalized interest

65

47

130

93

57

41

33

Interest component of rent

448 

377

834

714

458

523

477

Total fixed expense

1,056

1,128

2,290

2,181

1,537

1,361

1,294

                          

Profit before taxes and fixed expenses

6,737 

5,846

12,728

12,075

10,393

8,490

6,902

                          

Fixed charge coverage

6.38

5.18

5.56

5.54

6.76

6.24

5.33

   

* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000