EX-12 2 exhibit_12.htm RATIO OF EARNINGS TO FIXED CHARGES
 
EXHIBIT 12
Ratio of Earnings to Fixed Charges
 
 
   
  
Three Months Ended
    
Twelve Months Ended
  
   
  
November 30, 2013
    
August 31, 2013
    
August 31, 2012
    
August 31, 2011
    
August 31, 2010
    
August 31, 2009
  
Income before income tax provision
  
$
1,108
    
$
3,895
    
$
3,376
    
$
4,294
    
$
3,373
    
$
3,164
  
Add:
                                                
Noncontrolling interests
    
9
      
5
      
-
      
-
      
-
      
-
  
Fixed charges
    
347
      
1,383
      
1,260
      
1,212
      
1,100
      
996
  
Amortization of capitalized interest
    
2
      
7
      
6
      
5
      
-
      
-
  
Less: Capitalized interest
    
(2
)
    
(7
)
    
(9
)
    
(10
)
    
(12
)
    
(16
)
Earnings as defined
  
$
1,464
    
$
5,283
    
$
4,633
    
$
5,501
    
$
4,461
    
$
4,144
  
 
                                                
Interest expense, net of capitalized interest
  
$
49
    
$
193
    
$
94
    
$
77
    
$
90
    
$
91
  
Capitalized interest
    
2
      
7
      
9
      
10
      
12
      
16
  
Portions of rentals representative of the interest factor
    
296
      
1,183
      
1,157
      
1,125
      
998
      
889
  
Fixed charges as defined
  
$
347
    
$
1,383
    
$
1,260
    
$
1,212
    
$
1,100
    
$
996
  
 
                                                
Ratio of earnings to fixed charges
    
4.22
      
3.82
      
3.68
      
4.54
      
4.06
      
4.16