Toro 2010 Annual Report Download - page 93

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EXHIBIT 12
THE TORO COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Not Covered by Independent Auditors' Report)
10/31/2010 10/31/2009 10/31/2008 10/31/2007 10/31/2006 10/31/
Earnings before income taxes $141,268,000 $95,788,000 $181,289,000 $213,227,000 $192,754,000 $
Plus: Fixed charges 23,579,921 24,280,076 26,141,532 26,003,000 24,154,000 2
Earnings available to cover
fixed charges $164,847,921 $120,068,076 $207,430,532 $239,230,000 $216,908,000 $
Ratio of earnings to fixed charges 6.99 4.95 7.93 9.20 8.98 8
Interest expense $17,113,000 $17,578,000 $19,333,000 $19,445,000 $17,672,000 $
Rentals (interest expense) 6,466,921 6,702,076 6,808,532 6,558,000 6,482,000 6
Total fixed charges $23,579,921 $24,280,076 $26,141,532 $26,003,000 $24,154,000 $