EX-12 6 dex12.htm RATIO OF EARNINGS OF FIXED CHARGES RATIO OF EARNINGS OF FIXED CHARGES

Exhibit 12     

  IOS CAPITAL, INC.
RATIO OF EARNINGS TO FIXED CHARGES   
(dollars in thousands)
                   
         
Fiscal Year Ended September 30
  
         
 
 
2001
2000
1999
1998
1997
  
 
 
Earnings
 
   Income from continuing operations
$
84,738
$
79,416
$
88,327
$
63,122
$
42,581
  
   Add:
 
      Provision for income taxes
52,428
48,446
54,910
46,194
28,984
  
      Fixed charges
159,800
151,822
121,531
115,699
89,560
  
 
 
   Earnings, as adjusted (A)
$
296,966
$
279,684
$
264,768
$
225,015
$
161,125
  
 
 
Fixed charges
 
   Other interest expense, including interest
    on capital leases
$
159,138
$
151,295
$
120,917
$
115,026
$
88,941
  
 
 
   Estimated interest component of rental
   expense
662
527
614
673
619
  
 
 
 
 
   Total fixed charges (B)
$
159,800
$
151,822
$
121,531
$
115,699
$
89,560
  
 
Ratio of earnings to fixed charges
 
   (A) divided by (B)
1.9
1.8
 2.2
1.9
1.8