EX-12 2 k94792exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12

General Motors Acceptance Corporation

     Ratio of Earnings to Fixed Charges

                 
Three Months Ended March 31, ($ in millions)
   2005
   2004
Earnings
                
Consolidated net income
   $ 728     $ 764  
Provision for income taxes
     375       446  
Minority interest in consolidated subsidiaries and (income)/loss from equity investees
     3       2  
 
    
 		      
 		  
Consolidated income before income taxes, minority interest and (income)/loss from equity investees
     1,106       1,212  
Fixed charges
     2,942       2,211  
 
    
 		      
 		  
Earnings available for fixed charges
     4,048       3,423  
Fixed charges
                
Interest, discount, and issuance expense on debt
     2,917       2,190  
Portion of rentals representative of the interest factor
     25       21  
 
    
 		      
 		  
Total fixed charges
   $ 2,942     $ 2,211  
Ratio of earnings to fixed charges
     1.38       1.55