EX-12 3 ex12.htm ex12
Exhibit 12
Statement re computation of ratios
6 Months Ended

Fiscal Years Ended

July 31, 2001      July 31, 2000  

2001 2000 1999 1998 1997
Income before income taxes 4,832  4,709  10,116   9,083  7,323   5,719   4,877
Capitalized interest (47) (29) (93) (57) (41) (33) (44)
Minority interest (67) (54) (129) (170) (153) (78) (27)
Adjusted profit before tax 4,718  4,626  9,894   8,856*  7,129   5,608   4,806  
Fixed Charges
Debt interest 569   536  1,095  756   529  555   629  
Capital lease interest 135   138  279  266   268  229   216  
Capitalized interest 47   29  93  57   41  33   44  
Interest component of rent 377   232  714  458   523  477   449  
Total fixed expense 1,128   935  2,181  1,537   1,361  1,294   1,338  
Profit before taxes and fixed expenses 5,846   5,561  12,075  10,393   8,490  6,902   6,144  
Fixed charge coverage 5.18   5.95  5.54  6.76   6.24  5.33   4.59  
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000