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Previous: WTD INDUSTRIES INC, 10-K, EX-12.3, 2000-07-26 |
Next: WTD INDUSTRIES INC, 10-K, EX-21.1, 2000-07-26 |
Exhibit 12.4
TREESOURCE INDUSTRIES, INC. AND SUBSIDIARIES
COMPUTATION OF REGISTRANT'S AVERAGE STOCKHOLDERS'
EQUITY (DEFICIT) TO AVERAGE TOTAL ASSETS
(In Thousands, Except Ratios)
<TABLE>
<CAPTION>
YEAR ENDED APRIL 30,
-----------------------------------------------------------------
2000 1999 1998 1997 1996
---------- ---------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C>
AVERAGE STOCKHOLDERS' EQUITY (DEFICIT)
Beginning of period $ (7,816) $ 4,093 $ 18,434 $ 11,686 $ 20,076
End of period (6,804) (7,816) 4,093 18,434 11,686
Average $ (7,310) $ (1,862) $ 11,264 $ 15,060 $ 15,881
========== ========== ========= ========== ==========
AVERAGE TOTAL ASSETS
Beginning of period $ 54,987 $ 65,311 $ 86,486 $ 77,396 $ 88,944
End of period 57,363 54,987 65,311 86,486 77,396
Average $ 56,175 $ 60,149 $ 75,899 $ 81,941 $ 83,170
========== ========== ========= ========== ==========
RATIO OF AVERAGE STOCKHOLDERS' EQUITY
(DEFICIT) TO AVERAGE TOTAL ASSETS (13.0) % (3.1) % 14.8 % 18.4 % 19.1 %
</TABLE>
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