EXHIBIT 12.1
BROWN-FORMAN CORPORATION
Computation of Ratios of Earnings to Fixed Charges
(Dollars in millions)
Computation of Ratios of Earnings to Fixed Charges
(Dollars in millions)
Year Ended April 30 | Six Months Ended | |||||||||||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | October 31, 2006 | |||||||||||||||||||
Earnings available for fixed charges | $ | 326.2 | $ | 340.5 | $ | 388.6 | $ | 532.3 | $ | 582.8 | $ | 334.5 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest incurred | $ | 9.0 | $ | 8.4 | $ | 22.4 | $ | 21.2 | $ | 18.6 | $ | 12.1 | ||||||||||||
Portion of rent expense deemed to represent interest factor | 4.6 | 5.1 | 5.8 | 5.2 | 5.4 | 3.1 | ||||||||||||||||||
Fixed charges | $ | 13.6 | $ | 13.5 | $ | 28.2 | $ | 26.4 | $ | 24.0 | $ | 15.2 | ||||||||||||
Ratio of earnings to fixed charges | 24.0 | x | 25.2 | x | 13.8 | x | 20.1 | x | 24.3 | x | 22.1 | x |