ConAgra Foods, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| Twenty-six |
| |
|
| (As Restated, |
| |
Earnings: |
|
|
| |
Income from continuing operations before income taxes, equity method investment earnings and cumulative effect of change in accounting |
| $ | 585.4 |
|
Add/(deduct): |
|
|
| |
Fixed charges |
| 220.8 |
| |
Distributed income of equity method investees |
| 9.4 |
| |
Capitalized interest |
| (5.9 | ) | |
Earnings available for fixed charges (a) |
| $ | 809.7 |
|
|
|
|
| |
Fixed charges: |
|
|
| |
Interest expense |
| $ | 176.5 |
|
Capitalized interest |
| 5.9 |
| |
Interest in cost of goods sold |
| 8.5 |
| |
One third of rental expense (1) |
| 29.9 |
| |
Total fixed charges (b) |
| $ | 220.8 |
|
|
|
|
| |
Ratio of earnings to fixed charges (a/b) |
| 3.7 |
|
(1) Considered to be representative of interest factor in rental expense.
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