AmeriKing, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three Periods Ended Three Periods Ended
June 30, 1997 July 1, 1996
W/O PIK With PIK W/O PIK With PIK
Dividends Dividends Dividends Dividends
--------- --------- --------- ---------
EARNINGS
Loss before provision for income taxes $1,762 $1,762 $1,337 $1,337
Interest expense 2,945 2,945 3,018 3,018
Amortization of deferred financing costs 137 137 240 240
Portion of rents representative of interest 1,233 1,233 1,183 1,183
Preferred stock PIK dividends 113 113
Total Earnings $6,077 $6,190 $5,778 $5,891
FIXED CHARGES
Interest expense $2,945 $2,945 $3,018 $3,018
Amortization of deferred financing costs 137 137 240 240
Portion of rents representative of interest 1,233 1,233 1,183 1,183
Preferred stock PIK dividends 113 113
Total Fixed Charges $4,315 $4,428 $4,441 $4,554
RATIO OF EARNINGS TO FIXED CHARGES 1.41 1.40 1.30 1.29
AmeriKing, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Six Periods Ended Six Periods Ended
June 30, 1997 July 1, 1996
W/O PIK With PIK W/O PIK With PIK
Dividends Dividends Dividends Dividends
--------- --------- --------- ---------
EARNINGS
Income before provision for income taxes $ 699 $ 699 $ 677 $ 677
Interest expense 5,929 5,929 5,760 5,760
Amortization of deferred financing costs 274 274 449 449
Portion of rents representative of interest 2,476 2,476 2,256 2,256
Preferred stock PIK dividends 225 225
Total Earnings $9,378 $9,603 $9,142 $9,367
FIXED CHARGES
Interest expense $5,929 $5,929 $5,760 $5,760
Amortization of deferred financing costs 274 274 449 449
Portion of rents representative of interest 2,476 2,476 2,256 2,256
Preferred stock PIK dividends 225 225
Total Fixed Charges $8,679 $8,904 $8,465 $8,690
RATIO OF EARNINGS TO FIXED CHARGES 1.08 1.08 1.08 1.08