Avnet (AVT) S-3ASR Automatic shelf registration

Exhibit 12

Avnet, Inc.

Computation of Ratios of Earnings to Fixed Charges

	First Quarter Ended		Fiscal Years Ended
	October 3 2015		June 27, 2015		June 28, 2014		June 29, 2013		June 30, 2012		July 02, 2011
	(in thousands)
Earnings:
Income from continuing operations before tax		177,506		712,965		701,127		549,265		790,782		870,966
Add fixed charges		30,680		127,417		138,430		139,015		121,734		121,353
Total Earnings		208,186		840,382		839,557		688,280		912,516		992,319
Fixed charges:
Interest on indebtedness including amortization of debt expense		23,602		95,665		104,823		107,653		90,859		92,452
Interest component of rent expense		7,078		31,752		33,607		31,362		30,875		28,901
Total fixed charges		30,680		127,417		138,430		139,015		121,734		121,353
Ratio of earnings to fixed charges		6.8		6.6		6.1		5.0		7.5		8.2