MATTEL, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands, except ratios) EXHIBIT 12.0
(Page 1 of 2)

	For the Six Months Ended						For The Year Ended December 31, (a)
	June 30, 2004			June 30, 2003			2003			2002			2001			2000			1999
	(Unaudited)
Earnings Available For Fixed Charges:
Income from continuing operations before income taxes and cumulative effect of change in accounting principles	$	44,894		$	73,473		$	740,854		$	621,497		$	430,010		$	225,424		$	170,164
Plus minority interest and undistributed income of less-than-majority-owned affiliates, net		315			29			345			126			170			440			145
Add:
Interest expense		31,609			35,639			80,577			113,897			155,132			152,979			131,609
Appropriate portion of rents (b)		8,845			7,907			16,627			16,615			14,923			14,748			11,974
Earnings available for fixed charges	$	85,663		$	117,048		$	838,403		$	752,135		$	600,235		$	393,591		$	313,892
Fixed Charges:
Interest expense	$	31,609		$	35,639		$	80,577		$	113,897		$	155,132		$	152,979		$	131,609
Capitalized interest		—			—			—			43			6			507			527
Appropriate portion of rents (b)		8,845			7,907			16,627			16,615			14,923			14,748			11,974
Fixed charges	$	40,454		$	43,546		$	97,204		$	130,555		$	170,061		$	168,234		$	144,110
Ratio of earnings to fixed charges		2.12	X		2.69	X		8.63	X		5.76	X		3.53	X		2.34	X		2.18	X

(a) Although Mattel merged with The Learning Company, Inc. (“Learning Company”) in May 1999, the results of operations of Learning Company have not been included in this calculation since the Consumer Software segment was reported as a discontinued operation effective March 31, 2000.

(b) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense.

MATTEL, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In thousands, except ratios) EXHIBIT 12.0
(Page 2 of 2)

	For the Six Months Ended						For The Year Ended December 31, (a)
	June 30,			June 30,
	2004			2003			2003			2002			2001			2000			1999
	(Unaudited)
Earnings Available For Fixed Charges:
Income from continuing operations before income taxes and cumulative effect of change in accounting principles	$	44,894		$	73,473		$	740,854		$	621,497		$	430,010		$	225,424		$	170,164
Plus minority interest and undistributed income of less-than-majority-owned affiliates, net		315			29			345			126			170			440			145
Add:
Interest expense		31,609			35,639			80,577			113,897			155,132			152,979			131,609
Appropriate portion of rents (b)		8,845			7,907			16,627			16,615			14,923			14,748			11,974
Earnings available for fixed charges	$	85,663		$	117,048		$	838,403		$	752,135		$	600,235		$	393,591		$	313,892
Fixed Charges:
Interest expense	$	31,609		$	35,639		$	80,577		$	113,897		$	155,132		$	152,979		$	131,609
Capitalized interest		—			—			—			43			6			507			527
Dividends - Series C preferred stock		—			—			—			—			—			—			3,980
Appropriate portion of rents (b)		8,845			7,907			16,627			16,615			14,923			14,748			11,974
Fixed charges	$	40,454		$	43,546		$	97,204		$	130,555		$	170,061		$	168,234		$	148,090
Ratio of earnings to combined fixed charges and preferred stock dividends		2.12	X		2.69	X		8.63	X		5.76	X		3.53	X		2.34	X		2.12	X

(a) Although Mattel merged with Learning Company in May 1999, the results of operations of Learning Company have not been included in this calculation since the Consumer Software segment was reported as a discontinued operation effective March 31, 2000.

(b) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense.