EX-12 9 genmills023880_ex12.txt STATEMENT RE: COMPUTATION OF RATIOS EXHIBIT 12 GENERAL MILLS, INC. RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR ENDED ------------------------------------------------------------- May 26, May 27, May 28, May 30, May 31, 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- Ratio of Earnings to Fixed Charges 2.50 5.29 6.25 6.67 5.63
For purposes of computing the ratio of earnings to fixed charges, earnings represent pretax income from operations, plus pretax earnings or losses of joint ventures, plus fixed charges, less adjustment for capitalized interest. Fixed charges represent gross interest expense plus one-third (the proportion deemed representative of the interest factor) of rents of continuing operations.