Exhibit 12
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AmeriKing, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
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Three Quarters Ended Three Quarters Ended
September 29, 1997 September 30, 1996
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W/O PIK With PIK W/O PIK With PIK
Dividends Dividends Dividends Dividends
--------- --------- --------- ---------
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EARNINGS
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Loss before income taxes benefit $ (612) $ (612) $(1,064) $(1,064)
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Interest expense 9,223 9,223 8,880 8,880
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Amortization of deferred financing costs 405 405 692 692
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Portion of rents representative of interest 3,870 3,870 3,463 3,463
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Preferred stock PIK dividends 338 338
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Total Earnings $12,886 $13,224 $11,971 $12,309
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FIXED CHARGES
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Interest expense $ 9,223 $ 9,223 $ 8,880 $ 8,880
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Amortization of deferred financing costs 405 405 692 692
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Portion of rents representative of interest 3,870 3,870 3,463 3,463
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Preferred stock PIK dividends 338 338
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Total Fixed Charges $13,498 $13,836 $13,035 $13,373
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RATIO OF EARNINGS TO FIXED CHARGES 0.95 0.96 0.92 0.92
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Exhibit 12
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AmeriKing, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
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Quarter Ended Quarter Ended
September 29, 1997 September 30, 1996
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W/O PIK With PIK W/O PIK With PIK
Dividends Dividends Dividends Dividends
---------- ---------- --------- ---------
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EARNINGS
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Loss before income taxes benefit $(1,311) $(1,311) $(1,741) $(1,741)
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Interest expense 3,294 3,294 3,120 3,120
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Amortization of deferred financing costs 131 131 243 243
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Portion of rents representative of interest 1,394 1,394 1,207 1,207
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Preferred stock PIK dividends 113 113
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Total Earnings $ 3,508 $ 3,621 $ 2,829 $ 2,942
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FIXED CHARGES
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Interest expense $ 3,294 $ 3,294 $ 3,120 $ 3,120
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Amortization of deferred financing costs 131 131 243 243
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Portion of rents representative of interest 1,394 1,394 1,207 1,207
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Preferred stock PIK dividends 113 113
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Total Fixed Charges $ 4,819 $ 4,932 $ 4,570 $ 4,683
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RATIO OF EARNINGS TO FIXED CHARGES 0.73 0.73 0.62 0.63
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