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AMERIKING, INC.
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CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Jan. 1, 2002 to Dec. 26, 2000 to
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Apr 1, 2002 Mar 26, 2001
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W/O PIK With PIK W/O PIK With PIK
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Dividends Dividends Dividends Dividends
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EARNINGS
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Loss before income taxes benefit (10,715,000) (10,715,000) (8,338,000) (8,338,000)
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Interest expense 6,356,000 6,356,000 5,787,000 5,787,000
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Amortization of deferred financing costs 98,000 98,000 218,000 218,000
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Portion of rents representative of interest 2,620,000 2,620,000 2,635,000 2,635,000
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Preferred stock PIK dividends - 171,000 - 161,000
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Total earnings (1,641,000) (1,470,000) 302,000 463,000
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FIXED CHARGES
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Interest expense 6,356,000 6,356,000 5,787,000 5,787,000
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Amortization of deffered financing costs 98,000 98,000 218,000 218,000
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Portion of rents representative of interest 2,620,000 2,620,000 2,635,000 2,635,000
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Preferred stock PIK dividends - 171,000 - 161,000
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Total Fixed Charges 9,074,000 9,245,000 8,640,000 8,801,000
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RATIO OF EARNINGS TO FIXED CHARGES (0.18) (0.16) 0.03 0.05
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INSUFFICIENT EARNINGS TO COVER FIXED CHARGES (10,715,000) (10,715,000) (8,338,000) (8,338,000)
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