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7th grade Avg
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New words:
assigning, book, consideration, cumulative, depict, entitled, fewer, initial, program, promised, requesting, retrospectively, transition
Removed:
continued, extension, forma, location, partially, pro, short
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PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
Six Months Ended June 30 | ||||||||
2014 | 2013 | |||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 26.6 | $ | 29.4 | ||||
Facility and equipment rental | .7 | .7 | ||||||
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TOTAL FIXED CHARGES | 27.3 | $ | 30.1 | |||||
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EARNINGS | ||||||||
Income before income taxes | $ | 81.9 | $ | 72.7 | ||||
Depreciation | 112.3 | 100.8 | ||||||
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194.2 | 173.5 | |||||||
FIXED CHARGES | 27.3 | 30.1 | ||||||
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EARNINGS AS DEFINED | $ | 221.5 | $ | 203.6 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 8.11X | 6.76X | ||||||
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