EXHIBIT 12
ConAgra Foods, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions)
|
| Thirteen |
| |
|
| (As Restated, |
| |
Earnings: |
|
|
| |
Income from continuing operations before income taxes, equity method investment earnings and cumulative effect of change in accounting |
| $ | 200.3 |
|
|
|
|
| |
Add/(deduct): |
|
|
| |
Fixed charges |
| 103.8 |
| |
Distributed income of equity method investees |
| 3.0 |
| |
Capitalized interest |
| (2.2 | ) | |
Earnings available for fixed charges (a) |
| $ | 304.9 |
|
|
|
|
| |
Fixed charges: |
|
|
| |
Interest expense |
| $ | 86.2 |
|
Capitalized interest |
| 2.2 |
| |
Interest in cost of goods sold |
| 3.3 |
| |
One third of rental expense (1) |
| 12.1 |
| |
Total fixed charges (b) |
| $ | 103.8 |
|
|
|
|
| |
Ratio of earnings to fixed charges (a/b) |
| 2.9 |
| |
(1) Considered to be representative of interest factor in rental expense.
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