EX-12 2 a11-25724_1ex12.htm EX-12

EXHIBIT (12)

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Twelve

 

 

 

Months Ended

 

 

 

September 30, 2011

 

 

 

 

 

Income before provision for income taxes and fixed charges (Note A)

 

$

133,572,486

 

 

 

 

 

Fixed charges:

 

 

 

Interest on long-term debt

 

$

42,560,648

 

Interest on short-term debt

 

96,384

 

Other interest

 

(2,440,464

)

Rental expense representative of an interest factor (Note B)

 

5,945,793

 

 

 

 

 

Total fixed charges

 

$

46,162,361

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.89x

 

 


NOTE A:

For the purpose of determining earnings in the calculation of the ratio, net income has been increased by the provision for income taxes, non-operating income taxes and by the sum of fixed charges as shown above.

 

 

NOTE B:

One-third of rental expense (which approximates the interest factor).