EX-12.1 13 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Michael Foods, Inc. Computation of ratio of earnings to fixed charges For the Periods Ended
Predecessor 2001 Predecessor ----------------------------------------------------------- --------------------------------------- Nine Three Nine months Nine months Months Months Years ended December 31, ended ended Year ended ended ended --------------------------- September 30, September 30, December 31, December 31, March 31, 2003 2002 2002 2001 2001 2000 1999 1998 ------------- ------------- ------------ ------------ --------- ------- ------- ------- Earnings: Income before income taxes and extraordinary items $40,071 $33,001 $ 48,204 $21,815 $ 6,201 $73,600 $74,666 $69,417 Add: Fixed charges 40,434 41,791 56,573 46,045 3,692 15,315 14,514 13,355 Amortization of capitalized interest 429 429 572 429 143 572 572 572 Subtract: Interest capitalized -- -- -- (196) -- (224) (1,054) (1,048) ------- ------- -------- ------- ------- ------- ------- ------- Adjusted Earnings 80,934 75,221 105,349 68,093 10,036 89,263 88,698 82,296 ======= ======= ======== ======= ======= ======= ======= ======= Fixed Charges: Interest expensed and capitalized 35,840 37,840 50,955 42,531 3,292 13,715 12,972 11,638 Interest portion of rentals 1,035 1,050 1,400 1,155 375 1,500 1,442 1,617 Amortization of capitalized debt expense 3,559 2,901 4,218 2,359 25 100 100 100 ------- ------- -------- ------- ------- ------- ------- ------- 40,434 41,791 56,573 46,045 3,692 15,315 14,514 13,355 ======= ======= ======== ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 2.00 1.80 1.86 1.48 2.72 5.83 6.11 6.16 ======= ======= ======== ======= ======= ======= ======= =======