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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
absence, antifreeze, arbitrate, arbitration, Arbitrator, authorization, authorized, bear, blending, breach, category, Citigroup, clearance, collateral, competitive, complex, contemplated, contended, costly, CreditWatch, customarily, decision, default, devote, disadvantage, dispute, diversion, event, failure, Fenner, flooding, frame, hearing, interruption, involuntary, ISP, launch, Lynch, Merrill, Midwest, momentum, NextGenTM, page, piece, Pierce, portfolio, prepay, provisional, public, real, receipt, redeem, rendered, request, royalty, SAPTM, satisfied, satisfy, size, Smith, turn, unanticipated, VSO, vulnerable, waive, waiver, weakening
Removed:
outlook, positioning, positive, revised, short, virtually
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EXHIBIT 12 | ||||||||
ASHLAND INC. | ||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||
(In millions) | ||||||||
Nine months ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
EARNINGS | ||||||||
Income from continuing operations | $ | 227 | $ | 187 | ||||
Income tax expense | 46 | 59 | ||||||
Interest expense | 72 | 93 | ||||||
Interest portion of rental expense | 18 | 19 | ||||||
Amortization of deferred debt expense | 22 | 77 | ||||||
Distributions less than earnings of | ||||||||
unconsolidated affiliates | (11 | ) | (5 | ) | ||||
$ | 374 | $ | 430 | |||||
FIXED CHARGES | ||||||||
Interest expense | $ | 72 | $ | 93 | ||||
Interest portion of rental expense | 18 | 19 | ||||||
Amortization of deferred debt expense | 22 | 77 | ||||||
Capitalized interest | - | 3 | ||||||
$ | 112 | $ | 192 | |||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.34 | 2.24 |