COMPUTATION OF RATIO OF ASSETS TO EQUITY
Published on March 10, 2006
Exhibit 12.2
Computation of Ratio of Debt-to-Equity
At |
|||||
December
31, 2005 |
|||||
| |
|||||
| Repurchase agreements | $ | 5,099,532 | |||
| Mortgages payable on real estate | 22,552 | ||||
| |
|||||
| Total Debt | $ | 5,122,084 | |||
| |
|||||
| Stockholders' Equity | 661,102 | ||||
| Ratio of Debt-to-Equity | 7.7:1 | ||||
| or | 7.7x | ||||
70