EX-12 2 a05-6250_3ex12.htm EX-12

EXHIBIT 12

 

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions)

 

 

 

Twenty-six
weeks ended
November 28,
2004

 

 

 

(As Restated,
see Note 13
to the condensed
consolidated
financial statements)

 

Earnings:

 

 

 

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

 

$

585.4

 

Add/(deduct):

 

 

 

Fixed charges

 

220.8

 

Distributed income of equity method investees

 

9.4

 

Capitalized interest

 

(5.9

)

Earnings available for fixed charges (a)

 

$

809.7

 

 

 

 

 

Fixed charges:

 

 

 

Interest expense

 

$

176.5

 

Capitalized interest

 

5.9

 

Interest in cost of goods sold

 

8.5

 

One third of rental expense (1)

 

29.9

 

Total fixed charges (b)

 

$

220.8

 

 

 

 

 

Ratio of earnings to fixed charges (a/b)

 

3.7

 

 

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

 

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