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EXHIBIT 12
Statement re computation of ratios |
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Nine Months Ended October 31, |
Fiscal Years Ended |
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1999 |
1998 |
2000 |
1999 |
1998 |
1997 |
1996 |
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| Income before income taxes | 5,903 |
4,711 |
9,083 |
7,323 |
5,719 |
4,877 |
4,359 |
| Capitalized | (30) |
(24) |
(57) |
(41) |
(33) |
(44) |
(50) |
| Minority interest | (85) |
(97) |
(170) |
(153) |
(78) |
(27) |
(13) |
| Adjusted profit before tax* | 5,788 |
4,590 |
8,856 |
7,129 |
5,608 |
4,806 |
4,296 |
| Fixed Charges | |||||||
| Debt interest | 502 |
380 |
756 |
529 |
555 |
629 |
692 |
| Capital lease interest | 197 |
201 |
266 |
268 |
229 |
216 |
196 |
| Capitalized interest | 30 |
24 |
57 |
41 |
33 |
44 |
50 |
| Interest component of rent | 379 |
395 |
458 |
523 |
477 |
449 |
425 |
| Total fixed expense | 1,108 |
1,000 |
1,537 |
1,361 |
1,294 |
1,338 |
1,363 |
| Profit before taxes and fixed expenses | 6,896 |
5,590 |
10,393 |
8,490 |
6,902 |
6,144 |
5,659 |
| Fixed charge coverage | 6.22 |
5.59 |
6.76 |
6.24 |
5.33 |
4.59 |
4.15 |
| Operating rent expense | 474 |
494 |
573 |
654 |
596 |
561 |
531 |
| Interest portion ratio | 80% |
80% |
80% |
80% |
80% |
80% |
80% |
| Interest portion of rents | 379 |
395 |
458 |
523 |
477 |
449 |
425 |
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000
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