EX-12.1 30 dex121.txt STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS Exhibit 12.1 REMINGTON ARMS COMPANY, INC. AND SUBSIDIARIES Statement Re: Computation of Ratio of Earnings to Fixed Charges (Dollars in Millions)
------- ------- ------- ------- ------- 2002 2001 2000 1999 1998 ------- ------- ------- ------- ------- Earnings: Net Income (Loss) $ 20.0 $ 13.7 $ 19.9 $ 23.0 $ 17.2 Add: Income Taxes 13.9 8.5 12.5 14.7 11.1 Interest Expense (a) 12.3 15.3 15.6 14.1 19.2 Portion of Rents Representative of Interest Factor 0.1 0.1 0.1 0.1 0.1 ------- ------- ------- ------- ------- $ 46.3 $ 37.6 $ 48.1 $ 51.9 $ 47.6 ======= ======= ======= ======= ======= Fixed Charges: Interest Expense (a) $ 12.3 $ 15.3 $ 15.6 $ 14.1 $ 19.2 Capitalized Interest 0.1 0.1 0.5 -- -- Portion of Rents Representative of Interest Factor 0.1 0.1 0.1 0.1 0.1 ------- ------- ------- ------- ------- $ 12.5 $ 15.5 $ 16.2 $ 14.2 $ 19.3 ======= ======= ======= ======= ======= Ratio of Earnings to Fixed Charges 3.7x 2.4x 3.0x 3.7x 2.5x
(a) Includes amortization of discount on indebtedness and excludes capitalized interest.