EX-12.1 2 a08-2587_1ex12d1.htm EX-12.1

 

EXHIBIT 12.1

 

WINMARK CORPORATION AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Fiscal Year Ended

 

 

 

December 29, 2007

 

December 30, 2006

 

December 31, 2005

 

December 25, 2004

 

December 27, 2003

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest Expensed/Capitalized

 

2,487,795

 

955,747

 

6,784

 

—

 

—

 

Amortized premiums/discounts

 

—

 

—

 

—

 

—

 

—

 

Estimated rental expense interest

 

92,941

 

90,183

 

81,075

 

79,437

 

80,125

 

Subsidiaries Security Dividends

 

—

 

—

 

—

 

—

 

—

 

Total Fixed Charges

 

2,580,736

 

1,045,930

 

87,859

 

79,437

 

80,125

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Pretax income from Operations (before equity investments)

 

5,508,200

 

5,500,100

 

4,824,200

 

7.065,300

 

6,679,000

 

Fixed Charges

 

2,580,736

 

1,045,930

 

87,859

 

79,437

 

80,125

 

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

 

8,088,936

 

6,546,030

 

4,912,059

 

7,144,737

 

6,759,125

 

Ration of Earnings to Fixed Charges

 

3.1

 

6.3

 

55.9

 

89.9

 

84.4