Exhibit 12.1

CLARCOR Inc.

Statement Regarding Computation of Certain Ratios
(Dollars in Thousands except Per Share Data)

	Fiscal Years Ended (A)
	2009			2008			2007			2006			2005			2004			2003			2002			2001			2000			1999
Return on Beginning Assets
Net Earnings	$	71,543		$	95,654		$	90,659		$	82,710		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412
Divided by Beginning Assets		957,882			739,135			727,516			675,272			627,797			538,237			546,119			530,617			501,930			472,991			305,766
Equals Return on Beginning Assets		7.5	%		12.9	%		12.5	%		12.2	%		12.2	%		11.9	%		10.0	%		8.8	%		8.3	%		8.5	%		11.6	%
Return on Beginning Shareholders’ Equity
Net Earnings	$	71,543		$	95,654		$	90,659		$	82,710		$	76,393		$	63,997		$	54,552		$	46,601		$	41,893		$	40,237		$	35,412
Divided by Beginning Shareholders’ Equity		651,759			555,730			537,509			482,833			428,462			370,392			315,461			274,261			242,093			210,718			186,807
Equals Return on Beginning Shareholders’ Equity		11.0	%		17.2	%		16.9	%		17.1	%		17.8	%		17.3	%		17.3	%		17.0	%		17.3	%		19.1	%		19.0	%
Dividend Payout to Net Earnings
Dividends Paid	$	18,682		$	16,845		$	15,024		$	14,203		$	13,385		$	12,834		$	12,406		$	11,975		$	11,575		$	11,207		$	10,814
Divided by Net Earnings		71,543			95,654			90,659			82,710			76,393			63,997			54,552			46,601			41,893			40,237			35,412
Equals Dividend Payout to Net Earnings		26.1	%		17.6	%		16.6	%		17.2	%		17.5	%		20.1	%		22.7	%		25.7	%		27.6	%		27.9	%		30.5	%
Debt to Capitalization
Current Debt	$	99		$	128		$	94		$	58		$	233		$	420		$	674		$	68,456		$	5,579		$	5,482		$	5,440
Long Term Debt		52,096			83,822			17,329			15,946			16,009			24,130			16,913			22,648			135,203			141,486			145,981
Total Debt	$	52,195		$	83,950		$	17,423		$	16,004		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421
Ending Shareholders’ Equity		686,619			651,759			555,730			537,509			482,833			428,462			370,392			315,461			274,261			242,093			210,718
Equals Capitalization	$	738,814		$	735,709		$	573,153		$	553,513		$	499,075		$	453,012		$	387,979		$	406,565		$	415,043		$	389,061		$	362,139
Debt	$	52,195		$	83,950		$	17,423		$	16,004		$	16,242		$	24,550		$	17,587		$	91,104		$	140,782		$	146,968		$	151,421
Divided by Capitalization		738,814			735,709			573,153			553,513			499,075			453,012			387,979			406,565			415,043			389,061			362,139
Equals Debt to Capitalization		7.1	%		11.4	%		3.0	%		2.9	%		3.3	%		5.4	%		4.5	%		22.4	%		33.9	%		37.8	%		41.8	%
Working Capital
Current Assets	$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670
Less Current Liabilities		131,942			143,503			114,171			118,428			121,470			126,272			111,373			174,255			94,931			97,826			97,475
Equals Working Capital	$	316,586		$	289,068		$	257,749		$	261,912		$	203,463		$	177,718		$	146,029		$	85,491		$	149,419		$	132,653		$	130,195
Current Ratio
Current Assets	$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402		$	259,746		$	244,350		$	230,479		$	227,670
Divided by Current Liabilities		131,942			143,503			114,171			118,428			121,470			126,272			111,373			174,255			94,931			97,826			97,475
Equals Current Ratio		3.4			3.0			3.3			3.2			2.7			2.4			2.3			1.5			2.6			2.4			2.3

(A) Calculation of Certain Items Presented in the “11-Year Financial Review” Filed with Form 10-K for Fiscal Year Ended 11/28/09