Ikon Office Solutions (IKN) 10-K 2007 FY Annual report

Exhibit 12.1

IKON Office Solutions, Inc
Ratio of Earnings to Fixed Charges
(dollars in thousands)

	Fiscal Year Ended September 30
	2007		2006		2005		2004		2003
Earnings:
Income from continuing operations	$	114,487	$	106,249	$	73,195	$	88,309	$	127,406
Add:
Provision for income taxes		48,947		51,669		31,755		30,308		77,544
Fixed charges		90,940		99,007		118,140		171,878		232,028
Earnings, as adjusted (A)	$	254,374	$	256,925	$	223,090	$	290,495	$	436,978
Fixed charges:
Other interest expense incl int on cap leases	$	56,804	$	62,239	$	78,689	$	140,733	$	198,617
Estimated int component of rental expense *		34,136		36,768		39,451		31,145		33,411
Total fixed charges (B)	$	90,940	$	99,007	$	118,140	$	171,878	$	232,028
Ratio (A)/(B)		2.8		2.6		1.9		1.7		1.9

* Estimated interest approximates one-third of rental expense.