Exhibit 12
RPM
RATIO OF EARNINGS TO FIXED CHARGES
Periods Ended May 31, 2009 through 2013
| 9 Months Ended | Year Ended May 31, | |||||||||||||||||||||||
| 28-Feb-14 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges1 | 4.64 | 2.86 | 4.84 | 4.72 | 4.67 | 3.66 | ||||||||||||||||||
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.
| (All numbers in thousands) | 9 Months Ended | Year Ended May 31, | ||||||||||||||||||||||
| 28-Feb-14 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Income before income tax | 269,985 | 176,891 | 328,289 | 295,053 | 268,454 | 180,868 | ||||||||||||||||||
Fixed charges | 74,178 | 95,346 | 85,579 | 79,227 | 73,207 | 67,927 | ||||||||||||||||||
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Total | 344,163 | 272,237 | 413,868 | 374,280 | 341,661 | 248,794 | ||||||||||||||||||
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