EX-12 8 a2067381zex-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 NINE MONTHS ENDED ------------------- ------------------- Dec. 1, Nov. 25, Dec. 1, Nov. 25, 2001 2000 2001 2000 ------- -------- -------- -------- Earnings (loss) before income taxes $ (550) $13,714 $ 7,321 $34,833 Plus: Fixed charges (1) 7,691 6,797 21,023 19,712 Less: Capitalized interest (69) (97) (323) (439) ------ ------- ------- ------- Earnings available to cover fixed charges $7,072 $20,414 $28,021 $54,106 ====== ======= ======= ======= Ratio of earnings to fixed charges (2) .92 3.00 1.33 2.74 ====== ======= ======= =======
(1) Fixed charges consisted of the following:
THREE MONTHS ENDED NINE MONTHS ENDED ------------------ ------------------- Dec. 1, Nov. 25, Dec. 1, Nov. 25, 2001 2000 2001 2000 -------- ------- ------- ------- Interest expense, gross $5,128 $4,552 $13,418 $13,227 Rentals (Interest factor) 2,563 2,245 7,605 6,485 -------- ------- ------- ------- Total fixed charges $7,691 $6,797 $21,023 $19,712 ======= ======= ======= =======
(2) For the three months ended December 1, 2001, earnings were inadequate to cover fixed charges by $619.