EX-12 3 exhibit_12.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit_12.htm
Exhibit 12
 
 
 


 
   
Fiscal Year Ended
  
   
8/31/2012
    
8/31/2011
    
8/31/2010
    
8/31/2009
    
8/31/2008
  
Income before income taxes
   $ 3,376     $ 4,294     $ 3,373     $ 3,164     $ 3,429  
Add:
                                        
Minority Interests
                                        
Fixed charges
     1,260       1,212       1,100       996       842  
Amortization of capitalized interest
     6       5       -       -       -  
Less: Capitalized interest
     (9 )     (10 )     (12 )     (16 )     (19 )
Earnings as defined
   $ 4,633     $ 5,501     $ 4,461     $ 4,144     $ 4,252  
                                         
Interest expense, net of capitalized interest
   $ 94     $ 77     $ 90     $ 91     $ 18  
Capitalized interest
     9       10       12       16       19  
Portions of rentals representative of the interest factor
     1,157       1,125       998       889       804  
Fixed charges as defined
   $ 1,260     $ 1,212     $ 1,100     $ 996     $ 841  
                                         
Ratio of earnings to fixed charges
     3.68       4.54       4.06       4.16       5.06