EX-12.1 2 a07-8728_1ex12d1.htm EX-12.1

Exhibit 12.1

Winmark Corporation

Ratio of Earnings to Fixed Charges

 

 

 

Fiscal Year Ended

 

 

 

12/30/2006

 

12/31/2005

 

12/25/2004

 

12/27/2003

 

12/28/2002

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expensed/Capitalized

 

955,747

 

6,784

 

 

 

264,200

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized premiums/discounts

 

 

 

 

 

255,900

 

 

 

 

 

 

 

 

 

 

 

 

 

Est. rental expense interest

 

90,183

 

81,075

 

79,437

 

80,125

 

83,673

 

 

 

 

 

 

 

 

 

 

 

 

 

Subsidiaries Security Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

1,045,930

 

87,859

 

79,437

 

80,125

 

603,773

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from Operations
(before equity investments)

 

5,500,100

 

4,824,200

 

7,065,300

 

6,679,000

 

6,368,400

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

1,045,930

 

87,859

 

79,437

 

80,125

 

603,773

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of Capitalized interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed income of Equity investees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax losses of Equity investees for guarantees included in fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Capitalized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subsidiaries Security Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minority interest in pretax (income)/Loss of subsidiaries w/o fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Earnings

 

6,546,030

 

4,912,059

 

7,144,737

 

6,759,125

 

6,972,173

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

6.3

 

55.9

 

89.9

 

84.4

 

11.5