EX-12 3 l29492aexv12.htm EX-12 EX-12
 

Exhibit 12
RPM
RATIO OF EARNINGS TO FIXED CHARGES
Periods Ended May 31, 2003 through 2007
                                                 
    6 Months Ended   Year Ended May 31,
    30-Nov-07   2007   2006   2005   2004   2003
 
                                                
Ratio of Earnings to Fixed Charges 1
     5.81       5.41     —     4.11     6.17       2.28
 
                                                
1 Calculated as follows                   (income before income taxes) + (fixed charges)
                     
 
                       (fixed charges)            
                     
 
                                                
                     
Fixed charges consist of interest expense, amortized expenses related to debt and an estimate of the interest portion of rental expense.
                                                 
    6 Months Ended     Year Ended May 31,  
(All numbers in thousands)   30-Nov-07     2007     2006     2005     2004     2003  
Income before income tax
     181,062       307,535       (122,475 )     163,728       217,616       47,853  
Fixed charges
     37,621       69,787       58,733       52,614       42,123       37,268  
 
                                    
Total
     218,683       377,322       (63,742 )     216,342       259,739       85,121