EX-12 3 a2027102zex-12.txt EXHIBIT 12 EXHIBIT 12 INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (unaudited) (in thousands)
THREE MONTHS ENDED SIX MONTHS ENDED ------------------- ------------------- Aug. 26, Aug. 31, Aug. 26, Aug. 31, 2000 1999 2000 1999 ------------------------------------------------------------------------------- Earnings from continuing operations before income taxes $13,458 $ 8,210 $21,119 $15,569 Plus: Fixed charges (1) 6,554 6,062 12,915 13,067 Less: Capitalized interest (111) (205) (342) (329) ------------------------------------------------------------------------------- Earnings available to cover fixed charges $19,901 $14,067 $33,692 $28,307 =============================================================================== Ratio of earnings to fixed charges 3.04 2.32 2.61 2.17 -------------------------------------------------------------------------------
(1) Fixed charges consisted of the following:
THREE MONTHS ENDED SIX MONTHS ENDED ------------------- ------------------- Aug. 26, Aug. 31, Aug. 26, Aug. 31, 2000 1999 2000 1999 ------------------------------------------------------------------------------- Interest expense, gross $4,468 $3,852 $ 8,675 $ 8,447 Rentals (Interest factor) 2,086 2,210 4,240 4,620 ------------------------------------------------------------------------------- Total fixed charges $6,554 $6,062 $12,915 $13,067 ===============================================================================