EX-12.1 3 a2083769zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Computation of Ratio of Earnings to Fixed Charges

 
  Year Ended November 30,
   
 
  6 Months Ended
May 31, 2002

 
  1997
  1998
  1999
  2000
  2001
Earnings:                                    
  Income from continuing operations before income taxes   $ 54   $ 60   $ 74   $ 87   $ 187   $ 15
  Fixed charges included in income from operations per below     14     8     7     20     36     8
  Minority interest                 (3 )   (4 )  
  Amortization of financing costs                     3     2
   
 
 
 
 
 
  Total earnings     68     68     81     104     222     25
Fixed Charges:                                    
  Interest expense   $ 12   $ 6   $ 6   $ 18   $ 33   $ 7
  Portion of rent expense representing interest     2     2     1     2     3     1
   
 
 
 
 
 
  Fixed charges included in income from operations     14     8     7     20     36     8
  Capitalized financing costs             1         14     6
   
 
 
 
 
 
  Total fixed charges     14     8     8     20     50     14
   
 
 
 
 
 
Ratio of earnings to fixed charges     4.9     8.5     10.1     5.2     4.4     1.8
   
 
 
 
 
 



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Computation of Ratio of Earnings to Fixed Charges