EX-12 3 ex12.htm EXHIBIT 12

Exhibit 12

Statement re computation of ratios

Nine Months Ended

Fiscal Years Ended

10/31/2002

10/31/2001

2002

2001

2000

1999

1998

Income before income taxes

8,709 

7,222 

10,751 

10,116 

9,083 

7,323 

5,719 

Capitalized interest

(98)

(70)

(130)

(93)

(57)

(41)

(33)

Minority interest

(129)

(104)

(183)

(129)

(170)

(153)

(78)

Adjusted profit before tax

8,482 

7,048 

10,438 

9,894 

8,856 *

7,129 

5,608 

                              
Fixed Charges                           
Debt interest

619 

846 

1,052 

1,095 

756 

529 

555 

Capital lease interest

189 

201 

274 

279 

266 

268 

229 

Capitalized interest

98 

70 

130 

93 

57 

41 

33 

Interest component of rent

709 

590 

834 

714 

458 

523 

477 

Total fixed expense

1,615 

1,707 

2,290 

2,181 

1,537 

1,361 

1,294 

                          
Profit before taxes and fixed expenses

10,097 

8,755 

12,728 

12,075 

10,393 

8,490 

6,902 

                          
Fixed charge coverage

6.25 

5.13 

5.56 

5.54 

6.76 

6.24 

5.33 

   
* Does not include the cumulative effect of accounting change recorded by the
  Company in Fiscal 2000