Exhibit 12.1

CLARCOR Inc.

Statement Re Computation of Ratios

(Dollars in Thousands except Per Share Data)

	Fiscal Years Ended (A)
	2006			2005			2004			2003			2002			2001			2000			1999			1998			1997			1996
Return on Beginning Assets
Net Earnings	$	82,710		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412		$	32,079		$	26,918		$	25,945
Divided by Beginning Assets		675,272			627,797			538,237			546,119			530,617			501,930			472,991			305,766			282,519			267,019			245,697
Equals Return on Beginning Assets		12.2	%		12.2	%		11.9	%		10.0	%		8.8	%		8.3	%		8.5	%		11.6	%		11.4	%		10.1	%		10.6	%
Return on Beginning Shareholders’ Equity
Net Earnings	$	82,710		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412		$	32,079		$	26,918		$	25,945
Divided by Beginning 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 Return on Beginning Shareholders’ Equity		17.1	%		17.8	%		17.3	%		17.3	%		17.0	%		17.3	%		19.1	%		19.0	%		18.7	%		17.4	%		18.8	%
Dividend Payout to Net Earnings
Dividends Paid	$	14,203		$	13,385		$	12,834		$	12,406		$	11,975		$	11,575		$	11,207		$	10,814		$	10,717		$	10,290		$	9,512
Divided by Net Earnings		82,710			76,393			63,997			54,552			46,601			41,893			40,237			35,412			32,079			26,918			25,945
Equals Dividend Payout to Net Earnings		17.2	%		17.5	%		20.1	%		22.7	%		25.7	%		27.6	%		27.9	%		30.5	%		33.4	%		38.2	%		36.7	%
Debt to Capitalization
Current Debt	$	58		$	233		$	420		$	674		$	68,456		$	5,579		$	5,482		$	5,440		$	470		$	1,140		$	7,625
Long Term Debt		15,946			16,009			24,130			16,913			22,648			135,203			141,486			145,981			36,419			37,656			43,449
Total Debt	$	16,004		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421		$	36,889		$	38,796		$	51,074
Ending Shareholders’ Equity		537,509			482,833			428,462			370,392			315,461			274,261			242,093			210,718			186,807			171,162			154,681
Equals Capitalization	$	553,513		$	499,075		$	453,012		$	387,979		$	406,565		$	415,043		$	389,061		$	362,139		$	223,696		$	209,958		$	205,755
Debt	$	16,004		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421		$	36,889		$	38,796		$	51,074
Divided by Capitalization		553,513			499,075			453,012			387,979			406,565			415,043			389,061			362,139			223,696			209,958			205,755
Equals Debt to Capitalization		2.9	%		3.3	%		5.4	%		4.5	%		22.4	%		33.9	%		37.8	%		41.8	%		16.5	%		18.5	%		24.8	%
Working Capital
Current Assets	$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670		$	168,173		$	160,527		$	140,726
Less Current Liabilities		118,428			121,470			126,272			111,373			174,255			94,931			97,826			97,475			61,183			54,237			51,297
Equals Working Capital	$	261,912		$	203,463		$	177,718		$	146,029		$	85,491		$	149,419		$	132,653		$	130,195		$	106,990		$	106,290		$	89,429
Current Ratio
Current Assets	$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670		$	168,173		$	160,527		$	140,726
Divided by Current Liabilities		118,428			121,470			126,272			111,373			174,255			94,931			97,826			97,475			61,183			54,237			51,297
Equals Current Ratio		3.2			2.7			2.4			2.3			1.5			2.6			2.4			2.3			2.7			3.0			2.7

(A) Calculation of Certain Items presented in the “11-Year Financial Review” Filed with Form 10-K for Fiscal Year Ended 12/2/06