Exhibit
12
Statement re computation of ratios |
|
Six Months
Ended
July 31, |
Fiscal Years Ended |
|
2000 |
1999 |
2000 |
1999 |
1998 |
1997 |
1996 |
| Income before income taxes |
4,709 |
3,835** |
9,083 |
7,323 |
5,719 |
4,877 |
4,359 |
| Capitalized interest |
(29) |
(20) |
(57) |
(41) |
(33) |
(44) |
(50) |
| Minority interest |
(54) |
(67) |
(170) |
(153) |
(78) |
(27) |
(13) |
| Adjusted profit before tax* |
4,627 |
3,748 |
8,856 |
7,129 |
5,608 |
4,806 |
4,296 |
|
| Fixed charges |
|
| Debt interest |
536 |
251 |
756 |
529 |
555 |
629 |
692 |
| Capital lease interest |
138 |
131 |
266 |
268 |
229 |
216 |
196 |
| Capitalized interest |
29 |
20 |
57 |
41 |
33 |
44 |
50 |
| Interest component of rent |
232 |
265 |
458 |
523 |
477 |
449 |
425 |
| Total fixed expense |
935 |
667 |
1,537 |
1,361 |
1,294 |
1,338 |
1,363 |
|
| Profit before taxes and
fixed expenses |
5,561 |
4,415 |
10,393 |
8,490 |
6,902 |
6,144 |
5,659 |
|
| Fixed charge
coverage |
5.95 |
6.62 |
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 six months ended July 31, 1999 of the
accounting change recorded by the Company in fiscal 2000.
