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

Fiscal Years Ended

October 31, 2001      October  31, 2000  

2001 2000 1999 1998 1997
Income before income taxes 7,222  6,903  10,116   9,083  7,323  5,719  4,877  
Capitalized interest (70) (43) (93)  (57)  (41) (33) (44) 
Minority interest (104) (72) (129)  (170)  (153) (78) (27) 
Adjusted profit before tax 7,048  6,788  9,894   8,856*  7,129  5,608  4,806   
Fixed Charges
Debt interest 825   842  1,095  756   529  555  629   
Capital lease interest 201   206  279  266   268  229  216   
Capitalized interest 70   43  93  57   41  33  44   
Interest component of rent 590   514  714  458   523  477  449   
Total fixed expense 1,686   1,605  2,181  1,537   1,361  1,294  1,338   
Profit before taxes and fixed expenses 8,734   8,393  12,075  10,393   8,490  6,902  6,144   
Fixed charge coverage 5.18   5.23  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