EX-12 7 a2080526zex-12.htm EXHIBIT 12
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Exhibit 12


INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 
   Fiscal Year Ended
  
 
   March 2,
2002
   March 3,
2001
   February 29,
2000
   February 28,
1999
   February 28,
1998
  
Earnings from continuing operations before income taxes   $ 15,313   $ 39,099   $ 40,351   $ 12,266   $ 36,990  
Plus: Fixed charges(1)     33,021     27,174     25,444     25,719     27,154  
Less: Capitalized interest     (385 )   (542 )   (814 )   (196 )   (8 )
   
 
 
 
 
 
Earnings available to cover fixed charges   $ 47,949   $ 65,731   $ 64,981   $ 37,789   $ 64,136  
   
 
 
 
 
 
Ratio of earnings to fixed charges     1.45     2.42     2.55     1.47     2.36  
   
 
 
 
 
 
(1)
Fixed charges consist of the following:

 
   Fiscal Year Ended
 
   March 2,
2002
   March 3,
2001
   February 29,
2000
   February 28,
1999
   February 28,
1998
Interest expense, gross   $ 22,980   $ 18,269   $ 16,397   $ 16,519   $ 17,651
Rentals (interest factor)     10,041     8,905     9,047     9,200     9,503
   
 
 
 
 
  Total fixed charges   $ 33,021   $ 27,174   $ 25,444   $ 25,719   $ 27,154
   
 
 
 
 


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