EX-12.1 2 a07-29308_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Winmark Corporation

Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended

 

Fiscal Year Ended

 

 

 

9/29/2007

 

9/30/2006

 

12/30/2006

 

12/31/2005

 

12/25/2004

 

12/27/2003

 

12/28/2002

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expensed/Capitalized

 

1,703,804

 

560,468

 

955,747

 

6,784

 

—

 

—

 

264,200

 

Amortized premiums/discounts

 

—

 

—

 

—

 

—

 

—

 

—

 

255,900

 

Est. rental expense interest

 

71,476

 

66,179

 

90,183

 

81,075

 

79,437

 

80,125

 

83,673

 

Subsidiaries Security Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Fixed Charges

 

1,775,280

 

626,647

 

1,045,930

 

87,859

 

79,437

 

80,125

 

603,773

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from Operations (before equity investments)

 

3,929,100

 

4,359,100

 

5,500,100

 

4,824,200

 

7,065,300

 

6,679,000

 

6,368,400

 

Fixed Charges

 

1,775,280

 

626,647

 

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

 

5,704,380

 

4,985,747

 

6,546,030

 

4,912,059

 

7,144,737

 

6,759,125

 

6,972,173

 

Ratio of Earnings to Fixed Charges

 

3.2

 

8.0

 

6.3

 

55.9

 

89.9

 

84.4

 

11.5