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AMERIKING, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Dec. 28, 1999 to Dec. 29, 1998 to
June 26, 2000 June 28, 1999
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W/O PIK With PIK W/O PIK With PIK
Dividends Dividends Dividends Dividends
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
EARNINGS
Income (loss) before income
taxes benefit............... $(3,800,000) $(3,800,000) $ 321,000 $ 321,000
Interest expense............. 10,871,000 10,871,000 9,974,000 9,974,000
Amortization of deferred
financing costs............. 459,000 459,000 446,000 446,000
Portion of rents
representative of interest.. 4,857,000 4,857,000 4,434,000 4,434,000
Preferred stock PIK
dividends................... -- 306,000 -- 288,000
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Total earnings............. $12,387,000 $12,693,000 $15,175,000 $15,463,000
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FIXED CHARGES
Interest expense............. 10,871,000 10,871,000 9,974,000 9,974,000
Amortization of deferred
financing costs............. 459,000 459,000 446,000 446,000
Portion of rents
representative of interest.. 4,857,000 4,857,000 4,434,000 4,434,000
Preferred stock PIK
dividends................... -- 306,000 -- 288,000
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Total Fixed Charges........ $16,187,000 $16,493,000 $14,854,000 $15,142,000
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RATIO OF EARNINGS TO FIXED
CHARGES..................... 0.77 0.77 1.02 1.02
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INSUFFICIENT EARNINGS TO
COVER FIXED CHARGES......... $(3,800,000) $(3,800,000) N/A N/A
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