EX-12 4 j4172_ex12.htm EX-12 Exhibit 12

 

Exhibit 12

 

 

INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES

 

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

 

(in thousands)

 

 

 

 

THREE MONTHS ENDED

 

 

 

June 1,
2002

 

June 2,
2001

 

Earnings before income taxes and cumulative effect of change in accounting principle

 

$

7,910

 

$

3,365

 

Plus: Fixed charges(1)

 

11,485

 

6,636

 

Less: Capitalized interest

 

(65

)

(154

)

Earnings available to cover fixed charges

 

$

19,330

 

$

9,847

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.68

 

1.48

 

 

 

 

 

 

 

(1)   Fixed charges consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED

 

 

 

June 1,
2002

 

June 2,
2001

 

Interest expense, gross

 

$

9,099

 

$

4,159

 

Rentals (Interest factor)

 

2,386

 

2,477

 

Total fixed charges

 

$

11,485

 

$

6,636