EXHIBIT (12)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Twelve
	Months Ended
	March 31, 2016
Income before provision for income taxes and fixed charges (Note A)	$	145,317,596
Fixed charges:
Interest on long-term debt	$	44,348,486
Interest on short-term debt	254,778
Other interest	1,082,630
Rental expense representative of an interest factor (Note B)	9,980,766
Total fixed charges	$	55,666,660
Ratio of earnings to fixed charges	2.61		x

NOTE A:For the purpose of determining earnings in the calculation of the ratio, net income has been increased by the provision for income taxes, non-operating income taxes and by the sum of fixed charges as shown above.

NOTE B:One-third of rental expense (which approximates the interest factor).