**Exhibit 12.1**

 

### **WINMARK CORPORATION**

**RATIO OFEARNINGS TO FIXED CHARGES**

 
| ** **                                                                       | ** ** | **Fiscal Year Ended**       | ** ** |
|----------------------------------------------------------------------------------|------------|-----------------------------|------------|
| ** **                                                                       | ** ** | **December 26,  2009** | ** ** | **December 27,  2008** | ** ** | **December 29,  2007** | ** ** | **December 30,  2006** | ** ** | **December 31,  2005** | ** ** |
| **Fixed Charges**                                                                |       |                        |       |   |   |   |   |   |   |   |   |
| Interest  expensed/capitalized                                                   |       | $                           | 3,155,800  |   | $ | 3,186,763 |   | $ | 2,487,795 |   | $ | 955,747 |   | $ | 6,784 |   |
| Amortized  premiums/discounts                                                    |       | —                      |       | — |   | — |   | — |   | — |   |
| Estimated  rental expense interest                                               |       | 174,900                     |       | 101,947 |   | 92,941 |   | 90,183 |   | 81,075 |   |
| Subsidiaries  security dividends                                                 |       | —                      |       | — |   | — |   | — |   | — |   |
| **Total Fixed Charges**                                                          |       | $                           | 3,330,700  |   | $ | 3,288,710 |   | $ | 2,580,736 |   | $ | 1,045,930 |   | $ | 87,859 |   |
| **Earnings Add:**                                                                |       |                        |       |   |   |   |   |   |   |   |   |
| Pretax income from operations (before equity  investments)(1)                    |       | $                           | 9,930,700  |   | $ | 7,010,625 |   | $ | 5,508,200 |   | $ | 5,500,100 |   | $ | 4,824,200 |   |
| Fixed charges                                                                    |       | 3,330,700                   |       | 3,288,710 |   | 2,580,736 |   | 1,045,930 |   | 87,859 |   |
| Amortization of capitalized interest                                             |       | —                      |       | — |   | — |   | — |   | — |   |
| Distributed income of equity investees                                           |       | —                      |       | — |   | — |   | — |   | — |   |
| Pretax losses of equity investees for guarantees  included in fixed charges      |       | —                      |       | — |   | — |   | — |   | — |   |
| **Less:**                                                                        |       |                        |       |   |   |   |   |   |   |   |   |
| Interest capitalized                                                             |       | —                      |       | — |   | — |   | — |   | — |   |
| Subsidiaries security dividends                                                  |       | —                      |       | — |   | — |   | — |   | — |   |
| Minority interest in pretax (income)/loss of  subsidiaries without fixed charges |       | —                      |       | — |   | — |   | — |   | — |   |
| **Total Earnings**                                                               |       | $                           | 13,261,400 |   | $ | 10,299,335 |   | $ | 8,088,936 |   | $ | 6,546,030 |   | $ | 4,912,059 |   |
| **Ratio of Earnings to Fixed Charges**                                           |       | 4.0                         |       | 3.1 |   | 3.1 |   | 6.3 |   | 55.9 |   |

 

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(1)          Excludes gain/(loss) from and impairment of equityinvestments.

 

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