Compass Aerospace Corporation
Statements re Computation of Ratio of Earnings to Fixed Charges
The ratio of earnings to fixed charges has been calculated by dividing
income before income taxes and fixed charges by fixed charges. Fixed charges
consist of interest expense and one third of operating rental expense, which
management believes is representative of the interest component of rental
expenses.
Compass Aerospace
Brittain Machine, Inc.(1) Corporation
for the years ended June 30 Nine for the
Months and 36 Days Year Ended
21 days ended December 31, December 31,
1994 1995 1996 1997 April 21, 1998 1997 1998
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Fixed Charges
Interest (income) expense, net 293 301 411 779 386 166 8,493
Interest portion of Net Rental 42 42 40 52 17 53 416
Expense
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Total Fixed Charges 335 343 451 831 403 219 8,909
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Earnings
Income (loss) before taxes 3,154 (414) 4,383 6,114 7,878 117 2,347
Fixed Charges 335 343 451 831 403 219 8,909
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Total Adjusted Earnings 3,489 (71) 4,834 6,945 8,281 336 11,256
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Ratio of earnings to fixed charges 10.4 (0.2) 10.7 8.4 20.5 1.5 1.3
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(1) Brittain Machine, Inc. is included as the predecessor of Compass Aerospace
Corporation.