Exhibit 12.1

CLARCOR Inc.

Statement Re Computation of Ratios

(Dollars in Thousands except Per Share Data)

			Fiscal Years Ended (A)
			2005			2004			2003			2002			2001			2000			1999			1998			1997			1996			1995
Return on Beginning Assets
	Net Earnings		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412		$	32,079		$	26,918		$	25,945		$	23,500
	Divided by Beginning Assets			627,797			538,237			546,119			530,617			501,930			472,991			305,766			282,519			267,019			245,697			206,928
		Equals Return on Beginning Assets		12.2	%		11.9	%		10.0	%		8.8	%		8.3	%		8.5	%		11.6	%		11.4	%		10.1	%		10.6	%		11.4	%
Return on Beginning Shareholders’ Equity
	Net Earnings		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412		$	32,079		$	26,918		$	25,945		$	23,500
	Divided by Beginning Shareholders’ Equity			428,462			370,392			315,461			274,261			242,093			210,718			186,807			171,162			154,681			138,144			122,801
		Equals Return on Beginning Shareholders’ Equity		17.8	%		17.3	%		17.3	%		17.0	%		17.3	%		19.1	%		19.0	%		18.7	%		17.4	%		18.8	%		19.1	%
Dividend Payout to Net Earnings
	Dividends Paid		$	13,385		$	12,834		$	12,406		$	11,975		$	11,575		$	11,207		$	10,814		$	10,717		$	10,290		$	9,512		$	9,330
	Divided by Net Earnings			76,393			63,997			54,552			46,601			41,893			40,237			35,412			32,079			26,918			25,945			23,500
		Equals Dividend Payout to Net Earnings		17.5	%		20.1	%		22.7	%		25.7	%		27.6	%		27.9	%		30.5	%		33.4	%		38.2	%		36.7	%		39.7	%
Debt to Capitalization
	Current Debt		$	233		$	420		$	674		$	68,456		$	5,579		$	5,482		$	5,440		$	470		$	1,140		$	7,625		$	7,596
	Long Term Debt			16,009			24,130			16,913			22,648			135,203			141,486			145,981			36,419			37,656			43,449			41,860
		Total Debt	$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421		$	36,889		$	38,796		$	51,074		$	49,456
	Ending Shareholders’ Equity			482,833			428,462			370,392			315,461			274,261			242,093			210,718			186,807			171,162			154,681			138,144
		Equals Capitalization	$	499,075		$	453,012		$	387,979		$	406,565		$	415,043		$	389,061		$	362,139		$	223,696		$	209,958		$	205,755		$	187,600
	Debt		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421		$	36,889		$	38,796		$	51,074		$	49,456
	Divided by Capitalization			499,075			453,012			387,979			406,565			415,043			389,061			362,139			223,696			209,958			205,755			187,600
		Equals Debt to Capitalization		3.3	%		5.4	%		4.5	%		22.4	%		33.9	%		37.8	%		41.8	%		16.5	%		18.5	%		24.8	%		26.4	%
Working Capital
	Current Assets		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670		$	168,173		$	160,527		$	140,726		$	133,286
	Less Current Liabilities			121,470			126,272			111,373			174,255			94,931			97,826			97,475			61,183			54,237			51,297			49,841
		Equals Working Capital	$	203,463		$	177,718		$	146,029		$	85,491		$	149,419		$	132,653		$	130,195		$	106,990		$	106,290		$	89,429		$	83,445
Current Ratio
	Current Assets		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670		$	168,173		$	160,527		$	140,726		$	133,286
	Divided by Current Liabilities			121,470			126,272			111,373			174,255			94,931			97,826			97,475			61,183			54,237			51,297			49,841
		Equals Current Ratio		2.7			2.4			2.3			1.5			2.6			2.4			2.3			2.7			3.0			2.7			2.7

(A)  Calculation of Certain Items Presented in the “11-Year Financial Review” Filed with Form 10-K for Fiscal Year Ended 12/3/05