Exhibit
12
Statement re computation of ratios |
|
Three Months
Ended
April 30, |
Fiscal Years Ended |
|
2000 |
1999 |
2000 |
1999 |
1998 |
1997 |
1996 |
| Income before income taxes |
2,134 |
1,809** |
9,083 |
7,323 |
5,719 |
4,877 |
4,359 |
| Capitalized interest |
(14) |
(10) |
(57) |
(41) |
(33) |
(44) |
(50) |
| Minority interest |
(23) |
(33) |
(170) |
(153) |
(78) |
(27) |
(13) |
| Adjusted profit before tax* |
2,097 |
1,766 |
8,856 |
7,129 |
5,608 |
4,806 |
4,296 |
|
| Fixed charges |
|
| Debt interest |
263 |
127 |
756 |
529 |
555 |
629 |
692 |
| Capital lease interest |
67 |
64 |
266 |
268 |
229 |
216 |
196 |
| Capitalized interest |
14 |
10 |
57 |
41 |
33 |
44 |
50 |
| Interest component of rent |
125 |
143 |
458 |
523 |
477 |
449 |
425 |
| Total fixed expense |
469 |
344 |
1,537 |
1,361 |
1,294 |
1,338 |
1,363 |
|
| Profit before taxes and
fixed expenses |
2,566 |
2,110 |
10,393 |
8,490 |
6,902 |
6,144 |
5,659 |
|
| Fixed charge
coverage |
5.47 |
6.13 |
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 first quarter 2000 impact of the accounting change
recorded by the Company in fiscal 2000.
