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AMERIKING, INC.
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CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Dec. 26, 2000 to Dec. 28, 1999 to
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Mar. 26, 2001 Mar. 27, 2000
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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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Income (loss) before income taxes benefit (8,338,000) (8,338,000) (3,333,000) (3,333,000)
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Interest expense 5,787,000 5,787,000 5,499,000 5,499,000
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Amortization of deffered financing costs 218,000 218,000 215,000 215,000
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Portion of rents representative of interest 2,635,000 2,635,000 2,371,000 2,371,000
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Preferred stock PIK dividends - 161,000 - 152,000
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Total earnings 302,000 463,000 4,752,000 4,904,000
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FIXED CHARGES
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Interest expense 5,787,000 5,787,000 5,499,000 5,499,000
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Amortization of deffered financing costs 218,000 218,000 215,000 215,000
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Portion of rents representative of interest 2,635,000 2,635,000 2,371,000 2,371,000
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Preferred stock PIK dividends - 161,000 - 152,000
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Total Fixed Charges 8,640,000 8,801,000 8,085,000 8,237,000
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RATIO OF EARNINGS TO FIXED CHARGES 0.03 0.05 0.59 0.60
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INSUFFICIENT EARNINGS TO COVER FIXED CHARGES (8,338,000) (8,338,000) (3,333,000) (3,333,000)
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