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Content analysis
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7th grade Avg
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New words:
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Removed:
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RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12
| Earnings | |
| Income before interest expense | $13,394 |
| Add: | |
| Income tax items | 5,301 |
| Income tax on other income | 595 |
| AFUDC - borrowed funds | 50 |
| Interest on rentals | 248 |
| Total earnings before interest and taxes | $19,588 |
| Fixed Charges | |
| Interest on long-term debt | $ 3,306 |
| Other interest | 524 |
| Interest on rentals* | 248 |
| Total fixed charges | $ 4,078 |
| Ratio of Earnings to Fixed Charges | 4.80x |
*Represents one-third of the total rental expense.