AMERIKING INC
10-Q, EX-12, 2000-11-09
EATING PLACES
Previous: AMERIKING INC, 10-Q, EX-11, 2000-11-09
Next: AMERIKING INC, 10-Q, EX-27, 2000-11-09



<PAGE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                    AMERIKING, INC.
----------------------------------------------------------------------------------------------------------------------------
                                  CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
                                                                Dec. 28, 1999 to                   Dec. 29, 1998 to
----------------------------------------------------------------------------------------------------------------------------
                                                                  Sep. 25, 2000                     Sep. 27, 1999
----------------------------------------------------------------------------------------------------------------------------
                                                             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                  (8,318,000)       (8,318,000)        1,297,000          1,297,000
----------------------------------------------------------------------------------------------------------------------------
Interest expense                                           16,483,000        16,483,000        15,187,000         15,187,000
----------------------------------------------------------------------------------------------------------------------------
Amortization of deffered financing costs                      685,000           685,000           642,000            642,000
----------------------------------------------------------------------------------------------------------------------------
Portion of rents representative of interest                 7,432,000         7,432,000         6,807,000          6,807,000
----------------------------------------------------------------------------------------------------------------------------
Preferred stock PIK dividends                                       -           462,000                 -            435,000
                                                         ------------      ------------      ------------      -------------
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
Total earnings                                             16,282,000        16,744,000        23,933,000         24,368,000
                                                         ------------      ------------      ------------      -------------
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
FIXED CHARGES
----------------------------------------------------------------------------------------------------------------------------
Interest expense                                           16,483,000        16,483,000        15,187,000         15,187,000
----------------------------------------------------------------------------------------------------------------------------
Amortization of deffered financing costs                      685,000           685,000           642,000            642,000
----------------------------------------------------------------------------------------------------------------------------
Portion of rents representative of interest                 7,432,000         7,432,000         6,807,000          6,807,000
----------------------------------------------------------------------------------------------------------------------------
Preferred stock PIK dividends                                       -           462,000                 -            435,000
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
Total Fixed Charges                                        24,600,000        25,062,000        22,636,000         23,071,000
                                                         ------------      ------------      ------------      -------------
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
RATIO OF EARNINGS TO FIXED CHARGES                               0.66              0.67              1.06               1.06
                                                         ------------      ------------      ------------      -------------
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
INSUFFICIENT EARNINGS TO COVER FIXED CHARGES               (8,318,000)       (8,318,000)              N/A                N/A
                                                         ------------      ------------      ------------      -------------
----------------------------------------------------------------------------------------------------------------------------
</TABLE>




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission