EX-12.1 3 c66109ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 MANPOWER INC. RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS)
NINE MONTHS ENDED SEPTEMBER 30, 2001 --------------------------- Earnings: Earnings before income taxes $ 154.0 Fixed charges 73.4 ---------- $ 227.4 ========== Fixed charges: Interest (expensed or capitalized) $ 28.3 Estimated interest portion of rent expense 45.1 ---------- $ 73.4 ========== Ratio of earnings to fixed charges 3.1 ==========
YEARS ENDED DECEMBER 31, ----------------------------------------------------- 2000 1999 1998 1997 1996 ---------- ---------- --------- --------- ---------- Earnings: Earnings before income taxes $ 265.2 $ 205.8 $ 113.8 $ 249.2 $ 242.3 Fixed charges 94.0 71.6 65.1 47.2 40.0 ---------- ---------- --------- --------- ---------- $ 359.2 $ 277.4 $ 178.9 $ 296.4 $ 282.3 ========== ========== ========= ========= ========== Fixed charges: Interest (expensed or capitalized) $ 35.0 $ 17.3 $ 19.2 $ 11.1 $ 6.4 Estimated interest portion of rent expense 59.0 54.3 45.9 36.1 33.6 ---------- ---------- --------- --------- ---------- $ 94.0 $ 71.6 $ 65.1 $ 47.2 $ 40.0 ========== ========== ========= ========= ========== Ratio of earnings to fixed charges 3.8 3.9 2.7 6.3 7.1 ========== ========== ========= ========= ==========