Winmark (WINA) 10-K 2009 FY Annual report

Exhibit 12.1

WINMARK CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

	Fiscal Year Ended
	December 26, 2009		December 27, 2008		December 29, 2007		December 30, 2006		December 31, 2005
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.