EX-12 4 a05-17142_1ex12.htm EX-12

EXHIBIT 12

 

ConAgra Foods, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions)

 

 

 

Thirteen
weeks ended
August 28, 2005

 

 

 

 

 

Earnings:

 

 

 

Income from continuing operations before income taxes and equity method investment earnings

 

$

554.9

 

Add/(deduct):

 

 

 

Fixed charges

 

94.3

 

Distributed income of equity method investees

 

2.1

 

Capitalized interest

 

(1.2

)

Earnings available for fixed charges (a)

 

$

650.1

 

 

 

 

 

Fixed charges:

 

 

 

Interest expense

 

$

74.0

 

Capitalized interest

 

1.2

 

Interest in cost of goods sold

 

4.4

 

One third of rental expense (1)

 

14.7

 

Total fixed charges (b)

 

$

94.3

 

 

 

 

 

Ratio of earnings to fixed charges (a/b)

 

6.9

 

 

(1)  Considered to be representative of interest factor in rental expense.

 

69