EX-12.1 2 y47512ex12-1.htm EX-12.1 STMT. RE COMPUTATION OF RATIOS OF EARNINGS EX-12.1 STMT. RE COMPUTATION OF RATIOS OF EARNINGS

Exhibit 12.1

THE GOLDMAN SACHS GROUP, INC. and SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

($ in millions)
                   
Three Months
Ended
February
2001 2000
Net earnings
   $ 768     $ 887  
Add:
                
 
Provision for taxes
     491       592  
 
Portion of rents representative of an interest factor
     28       17  
 
Interest expense on all indebtedness
     4,769       3,471  
     
     
 
Earnings, as adjusted
   $ 6,056     $ 4,967  
     
     
 
Fixed charges:
                
 
Portion of rents representative of an interest factor
   $ 28     $ 17  
 
Interest expense on all indebtedness
     4,769       3,471  
     
     
 
Fixed charges
   $ 4,797     $ 3,488  
     
     
 
Ratio of earnings to fixed charges
     1.26x       1.42x