Money Tree, Inc. - FORM 10-K/A - EX-12 - STATEMENT REGARDING COMPUTATION OF RATIOS - May 27, 2010

Attached files

file filename
10-K/A - AMENDMENT NO. 1 TO FORM 10-K - Money Tree, Inc.d10ka.htm
EX-21 - SUBSIDIARIES OF THE MONEY TREE INC. - Money Tree, Inc.dex21.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Money Tree, Inc.dex312.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Money Tree, Inc.dex311.htm
EX-32.1 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - Money Tree, Inc.dex321.htm

EXHIBIT 12

STATEMENT REGARDING COMPUTATION OF RATIOS

Ratio of Earnings to Fixed Charges

The following table sets forth our consolidated ratios of earnings to fixed charges for the periods indicated:

 

     09/25/09     09/25/08     09/25/07     09/25/06     09/25/05  

Earnings

           

Income (loss) before income taxes

    $ (13,372,623 )    $ (10,669,231 )    $ (2,682,314 )    $ 823,078      $ (611,423 ) 

Fixed charges

      8,624,927        9,258,423        8,984,147        8,350,723        7,311,352   
                                        

Earnings

    $ (4,747,696 )    $ (1,410,808 )    $ 6,301,833      $ 9,173,801      $ 6,699,929   
                                        

Fixed charges

           

Interest expense

    $ 7,611,185      $ 8,275,310      $ 8,025,969      $ 7,349,884      $ 6,354,744   

Estimated interest within rental expense

      1,013,742        983,113        958,178        1,000,839        956,608   
                                        

Fixed charges

    $ 8,624,927      $ 9,258,423      $ 8,984,147      $ 8,350,723      $ 7,311,352   
                                        

Ratio of earnings to fixed charges

           (1)           (1)           (1)           (1)           (1) 
                                        

 

(1) Calculation results in a deficiency in the ratio (i.e., less than one-to-one coverage). The deficiency in earnings to cover fixed charges was $13,372,623; $10,669,231; $2,682,314; and $611,423 for the years ended September 25, 2009, 2008, 2007, and 2005, respectively.

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