Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| | | | | | Three Months | |
| | | | | | Ended | |
| | | Year Ended December 31, | | | March 31, | |
| (in millions, except for ratios) | | 2002 | | | 2003 | | | 2004 | | | 2005 | | | 2006 | | | 2007 | |
| Earnings: | | | | | | | | | | | | | | | | | | | | | | | | |
| Earnings (loss) before Income Taxes | | $ | 96,530 | | | $ | 106,409 | | | $ | 110,372 | | | $ | 71,302 | | | $ | (309,524 | ) | | $ | (15,104 | ) |
| Fixed Charges | | | 13,761 | | | | 10,662 | | | | 15,591 | | | | 28,805 | | | | 35,565 | | | | 13,887 | |
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| Total Earnings (loss) | | $ | 110,291 | | | $ | 117,071 | | | $ | 125,963 | | | $ | 100,107 | | | $ | (273,959 | ) | | $ | (1,217 | ) |
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| Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest Expense | | $ | 12,722 | | | $ | 9,429 | | | $ | 14,201 | | | $ | 27,246 | | | $ | 34,084 | | | $ | 10,343 | |
| Amortization of debt offering costs | | | 377 | | | | 423 | | | | 434 | | | | 600 | | | | 390 | | | | 3,230 | |
| Interest portion of rent expense | | | 662 | | | | 810 | | | | 956 | | | | 959 | | | | 1,091 | | | | 314 | |
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| Total Fixed Charges | | $ | 13,761 | | | $ | 10,662 | | | $ | 15,591 | | | $ | 28,805 | | | $ | 35,565 | | | $ | 13,887 | |
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| Ratio of Earnings to Fixed Charges (see Note 1) | | | 8.0 | | | | 11.0 | | | | 8.1 | | | | 3.5 | | | | N/A | | | | N/A | |
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(1) The ratio of earnings to fixed charges is computed by dividing fixed charges of Invacare Corporation and our subsidiaries into earnings before income taxes. Fixed charges include interest expense, amortization of debt offering costs and the portion of rent expense which is deemed to be representative of the interest factor. For the year ended December 31, 2006 and the three months ended March 31, 2007, the ratio is inapplicable since the company incurred a loss in the year and quarter. Earnings were inadequate to cover fixed charges by $309.5 million for the year ended December 31, 2006 and $15.1 million for the three months ended March 31, 2007.
