Exhibit 12.1

CLARCOR Inc.

Statement Regarding Computation of Certain Ratios

(Dollars in Thousands except Per Share Data)

	Fiscal Years Ended (A)
	2011			2010			2009			2008			2007			2006			2005			2004			2003			2002			2001
RETURN ON BEGINNING ASSETS
Net Earnings	$	124,361		$	96,351		$	71,830		$	96,061		$	90,834		$	83,146		$	76,954		$	64,343		$	54,688		$	46,677		$	41,930
Divided by Beginning Assets	1,042,411			973,890			957,882			739,135			727,516			675,272			627,797			538,237			546,119			530,617			501,930
Equals Return on Beginning Assets	11.9		%	9.9		%	7.5		%	13.0		%	12.5		%	12.3		%	12.3		%	12.0		%	10.0		%	8.8		%	8.4		%
RETURN ON BEGINNING SHAREHOLDERS' EQUITY
Net Earnings	$	124,361		$	96,351		$	71,830		$	96,061		$	90,834		$	83,146		$	76,954		$	64,343		$	54,688		$	46,677		$	41,930
Divided by Beginning Shareholders' Equity	757,527			688,475			654,752			557,921			539,212			484,214			429,594			371,539			315,615			274,387			242,221
Equals Return on Beginning Shareholders' Equity	16.4		%	14.0		%	11.0		%	17.2		%	16.8		%	17.2		%	17.9		%	17.3		%	17.3		%	17.0		%	17.3		%
DIVIDEND PAYOUT TO NET EARNINGS
Dividends Paid	$	21,961		$	20,143		$	18,682		$	16,845		$	15,024		$	14,203		$	13,385		$	12,834		$	12,406		$	11,975		$	11,575
Divided by Net Earnings	124,361			96,351			71,830			96,061			90,834			83,146			76,954			64,343			54,688			46,601			41,893
Equals Dividend Payout to Net Earnings	17.7		%	20.9		%	26.0		%	17.5		%	16.5		%	17.1		%	17.4		%	19.9		%	22.7		%	25.7		%	27.6		%
DEBT TO CAPITALIZATION
Current Debt	$	1,289		$	146		$	99		$	128		$	94		$	58		$	233		$	420		$	674		$	68,456		$	5,579
Long Term Debt	15,981			17,331			52,096			83,822			17,329			15,946			16,009			24,130			16,913			22,648			135,203
Total Debt	17,270			17,477			52,195			83,950			17,423			16,004			16,242			24,550			17,587			91,104			140,782
Ending Shareholders' Equity	835,558			757,527			688,475			654,752			557,921			539,212			484,214			429,594			371,539			315,615			274,387
Equals Capitalization	$	852,828		$	775,004		$	740,670		$	738,702		$	575,344		$	555,216		$	500,456		$	454,144		$	389,126		$	406,719		$	415,169
Debt	$	17,270		$	17,477		$	52,195		$	83,950		$	17,423		$	16,004		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782
Divided by Capitalization	852,828			775,004			740,670			738,702			575,344			555,216			500,456			454,144			389,126			406,719			415,169
Equals Debt to Capitalization	2.0		%	2.3		%	7.0		%	11.4		%	3.0		%	2.9		%	3.2		%	5.4		%	4.5		%	22.4		%	33.9		%
WORKING CAPITAL
Current Assets	$	600,899		$	526,273		$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350
Less Current Liabilities	160,050			163,457			131,942			143,503			114,171			118,428			121,470			126,272			111,373			174,255			94,931
Equals Working Capital	$	440,849		$	362,816		$	316,586		$	289,068		$	257,749		$	261,912		$	203,463		$	177,718		$	146,029		$	85,491		$	149,419
CURRENT RATIO
Current Assets	$	600,899		$	526,273		$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350
Divided by Current Liabilities	180,050			163,457			131,942			143,503			114,171			118,428			121,470			126,272			111,373			174,255			94,931
Equals Current Ratio	3.8			3.2			3.4			3.0			3.3			3.2			2.7			2.4			2.3			1.5			2.6

^(A) Calculation of certain items presented in the "11-Year Financial Review" filed with Form 10-K for the fiscal year ended December 3, 2011.