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RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12
Earnings | |
Income before interest expense | $31,048 |
Add: | |
Income tax items | 11,308 |
Income tax on other income | 818 |
Amortization of debt discount, premium expense | 228 |
AFUDC - borrowed funds | 136 |
Interest on rentals | 740 |
Total earnings before interest and taxes | $44,277 |
Fixed Charges | |
Interest on long-term debt | $ 9,219 |
Other interest | 1,029 |
Amortization of debt discount, premium expense | 228 |
Interest on rentals | 740 |
Total fixed charges | $11,216 |
Ratio of Earnings to Fixed Charges | 3.95x |
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