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Previous: SHOPKO STORES INC, 10-Q, EX-3, 2000-09-12 |
Next: SHOPKO STORES INC, 10-Q, EX-27, 2000-09-12 |
<PAGE> 1
ShopKo Stores, Inc. and Subsidiaries
Exhibit 12 - Statements Re Computation of Ratios
(In Thousands)
<TABLE>
<CAPTION>
First Half Ended
-------------------------------
July 29, July 31,
2000 1999
(26 Weeks) (26 Weeks)
-------------------------------
Ratio of Earnings to Fixed Charges
----------------------------------
Computation of Earnings
<S> <C> <C>
1 Earnings from continuing operations
before income taxes $ 11,067 $ 12,354
2 Add previously capitalized interest
amortized during the period 288 283
3 Less interest capitalized during
the period 574 157
--------- ---------
4 Total earnings (sum of lines 1 to 3) 10,781 12,480
Computation of Fixed Charges
5 Interest (1) 31,329 21,394
6 Interest factor in rental expense 3,494 1,012
--------- ---------
7 Total fixed charges (sum of lines
5 and 6) 34,823 22,406
8 TOTAL EARNINGS AND
FIXED CHARGES (line 4
plus line 7) $ 45,604 $ 34,886
========= =========
9 Ratio (line 8 divided by line 7) 1.3 1.6
(1) Includes capitalized interest
</TABLE>
48
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