Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - WINMARK CORP | a09-35857_1ex31d2.htm |
| EX-32.2 - EX-32.2 - WINMARK CORP | a09-35857_1ex32d2.htm |
| EX-31.1 - EX-31.1 - WINMARK CORP | a09-35857_1ex31d1.htm |
| EX-32.1 - EX-32.1 - WINMARK CORP | a09-35857_1ex32d1.htm |
| EX-23.1 - EX-23.1 - WINMARK CORP | a09-35857_1ex23d1.htm |
| EX-10.18 - EX-10.18 - WINMARK CORP | a09-35857_1ex10d18.htm |
| 10-K - 10-K - WINMARK CORP | a09-35857_110k.htm |
Exhibit 12.1
WINMARK CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
Fiscal Year Ended |
|
|||||||||||||
|
|
|
December 26, |
|
December 27, |
|
December 29, |
|
December 30, |
|
December 31, |
|
|||||
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Interest expensed/capitalized |
|
$ |
3,155,800 |
|
$ |
3,186,763 |
|
$ |
2,487,795 |
|
$ |
955,747 |
|
$ |
6,784 |
|
|
Amortized premiums/discounts |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|||||
|
Estimated rental expense interest |
|
174,900 |
|
101,947 |
|
92,941 |
|
90,183 |
|
81,075 |
|
|||||
|
Subsidiaries security dividends |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|||||
|
Total Fixed Charges |
|
$ |
3,330,700 |
|
$ |
3,288,710 |
|
$ |
2,580,736 |
|
$ |
1,045,930 |
|
$ |
87,859 |
|
|
Earnings Add: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Pretax income from operations (before equity investments)(1) |
|
$ |
9,930,700 |
|
$ |
7,010,625 |
|
$ |
5,508,200 |
|
$ |
5,500,100 |
|
$ |
4,824,200 |
|
|
Fixed charges |
|
3,330,700 |
|
3,288,710 |
|
2,580,736 |
|
1,045,930 |
|
87,859 |
|
|||||
|
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 without fixed charges |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|||||
|
Total Earnings |
|
$ |
13,261,400 |
|
$ |
10,299,335 |
|
$ |
8,088,936 |
|
$ |
6,546,030 |
|
$ |
4,912,059 |
|
|
Ratio of Earnings to Fixed Charges |
|
4.0 |
|
3.1 |
|
3.1 |
|
6.3 |
|
55.9 |
|
|||||
(1) Excludes gain/(loss) from and impairment of equity investments.