EX-12 2 a05-6563_1ex12.htm EX-12

EXHIBIT 12

 

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions)

 

 

 

Thirty-nine
weeks ended
February 27,
2005

 

 

 

 

 

Earnings:

 

 

 

Income from continuing operations before income taxes, equity method investment earnings and cumulative effect of change in accounting

 

$

963.5

 

Add/(deduct):

 

 

 

Fixed charges

 

314.9

 

Distributed income of equity method investees

 

22.6

 

Capitalized interest

 

(6.5

)

Earnings available for fixed charges (a)

 

$

1,294.5

 

 

 

 

 

Fixed charges:

 

 

 

Interest expense

 

$

248.8

 

Capitalized interest

 

6.5

 

Interest in cost of goods sold

 

14.0

 

One third of rental expense (1)

 

45.6

 

Total fixed charges (b)

 

$

314.9

 

 

 

 

 

Ratio of earnings to fixed charges (a/b)

 

4.1

 

 

(1)  Considered to be representative of interest factor in rental expense.

 

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