EXHIBIT 12 STATEMENT REGARDING COMPUTATION OF RATIOS 1996 1995 1994 Pre-tax earnings $ 435 $ 740 $ 794 Total fixed charges: Interest on notes payable 109 123 93 Total $ 544 $ 863 $ 887 Fixed charges $ 109 $ 123 $ 93 Ratio of earnings to fixed charges 499.08% 701.62% 953.76%