EX-12 8 a2110639zex-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 1,
2003

  March 2,
2002

  March 3,
2001

  February 29,
2000

  February 28,
1999

 
Earnings from continuing operations before income taxes   $ 43,977   $ 7,513   $ 32,042   $ 25,750   $ 931  
Plus: Fixed charges(1)     36,419     33,021     27,174     25,444     25,719  
Less: Capitalized interest     (625 )   (385 )   (542 )   (814 )   (196 )
   
 
 
 
 
 
Earnings available to cover fixed charges   $ 79,771   $ 40,149   $ 58,674   $ 50,380   $ 26,454  
   
 
 
 
 
 
Ratio of earnings to fixed charges     2.19     1.22     2.16     1.98     1.03  
   
 
 
 
 
 

(1)
Fixed charges consist of the following:

 
  Fiscal Year Ended
 
  March 1,
2003

  March 2,
2002

  March 3,
2001

  February 29,
2000

  February 28,
1999

Interest expense, gross   $ 30,713   $ 22,980   $ 18,269   $ 16,397   $ 16,519
Rentals (interest factor)     5,706     10,041     8,905     9,047     9,200
   
 
 
 
 
  Total fixed charges   $ 36,419   $ 33,021   $ 27,174   $ 25,444   $ 25,719
   
 
 
 
 



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INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)