Exhibit 12.1

CLARCOR Inc.

Statement Regarding Computation of Certain Ratios

(Dollars in Thousands except Per Share Data)

	Fiscal Years Ended (A)
	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004			2003
RETURN ON BEGINNING ASSETS
Net Earnings	$	118,350		$	123,340		$	124,361		$	96,351		$	71,830		$	96,061		$	90,834		$	83,146		$	76,954		$	64,343		$	54,688
Divided by Beginning Assets	1,205,502			1,134,933			1,042,411			973,890			957,882			739,135			727,516			675,272			627,797			538,237			546,119
Equals Return on Beginning Assets	9.8		%	10.9		%	11.9		%	9.9		%	7.5		%	13.0		%	12.5		%	12.3		%	12.3		%	12.0		%	10.0		%
RETURN ON BEGINNING SHAREHOLDERS' EQUITY
Net Earnings	$	118,350		$	123,340		$	124,361		$	96,351		$	71,830		$	96,061		$	90,834		$	83,146		$	76,954		$	64,343		$	54,688
Divided by Beginning Shareholders' Equity	901,830			835,558			757,527			688,475			654,752			557,921			539,212			484,214			429,594			371,539			315,615
Equals Return on Beginning Shareholders' Equity	13.1		%	14.8		%	16.4		%	14.0		%	11.0		%	17.2		%	16.8		%	17.2		%	17.9		%	17.3		%	17.3		%
DIVIDEND PAYOUT TO NET EARNINGS
Dividends Paid	$	28,744		$	24,912		$	21,961		$	20,143		$	18,682		$	16,845		$	15,024		$	14,203		$	13,385		$	12,834		$	12,406
Divided by Net Earnings	118,350			123,340			124,361			96,351			71,830			96,061			90,834			83,146			76,954			64,343			54,688
Equals Dividend Payout to Net Earnings	24.3		%	20.2		%	17.7		%	20.9		%	26.0		%	17.5		%	16.5		%	17.1		%	17.4		%	19.9		%	22.7		%
DEBT TO CAPITALIZATION
Current Debt	$	50,223		$	201		$	1,289		$	146		$	99		$	128		$	94		$	58		$	233		$	420		$	674
Long Term Debt	116,413			16,391			15,981			17,331			52,096			83,822			17,329			15,946			16,009			24,130			16,913
Total Debt	166,636			16,592			17,270			17,477			52,195			83,950			17,423			16,004			16,242			24,550			17,587
Ending Shareholders' Equity	1,032,873			901,830			835,558			757,527			688,475			654,752			557,921			539,212			484,214			429,594			371,539
Equals Capitalization	$	1,199,509		$	918,422		$	852,828		$	775,004		$	740,670		$	738,702		$	575,344		$	555,216		$	500,456		$	454,144		$	389,126
Debt	$	166,636		$	16,592		$	17,270		$	17,477		$	52,195		$	83,950		$	17,423		$	16,004		$	16,242		$	24,550		$	17,587
Divided by Capitalization	1,199,509			918,422			852,828			775,004			740,670			738,702			575,344			555,216			500,456			454,144			389,126
Equals Debt to Capitalization	13.9		%	1.8		%	2.0		%	2.3		%	7.0		%	11.4		%	3.0		%	2.9		%	3.2		%	5.4		%	4.5		%
WORKING CAPITAL
Current Assets	$	892,121		$	654,594		$	600,899		$	526,273		$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402
Less Current Liabilities	207,761			174,891			160,050			163,457			131,942			143,503			114,171			118,428			121,470			126,272			111,373
Equals Working Capital	$	684,360		$	479,703		$	440,849		$	362,816		$	316,586		$	289,068		$	257,749		$	261,912		$	203,463		$	177,718		$	146,029
CURRENT RATIO
Current Assets	$	892,121		$	654,594		$	600,899		$	526,273		$	448,528		$	432,571		$	371,920		$	380,340		$	324,933		$	303,990		$	257,402
Divided by Current Liabilities	207,761			174,891			160,050			163,457			131,942			143,503			114,171			118,428			121,470			126,272			111,373
Equals Current Ratio	4.3			3.7			3.8			3.2			3.4			3.0			3.3			3.2			2.7			2.4			2.3

^(A) Calculation of certain items presented in the "11-Year Financial Review" filed with Form 10-K for the fiscal year ended December 1, 2013.