EX-12.2 3 e600137_ex12-2.htm COMPUTATION OF RATIO OF ASSETS TO EQUITY Untitled Document

Exhibit 12.2

Computation of Ratio of Debt-to-Equity

     
At
  
     
December 31, 2005
  
     
 
Repurchase agreements     $ 5,099,532  
Mortgages payable on real estate       22,552  
     
 
  Total Debt     $ 5,122,084  
     
 
Stockholders' Equity       661,102  
           
Ratio of Debt-to-Equity       7.7:1  
or       7.7x  

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