Avnet (AVT) 8-K Avnet Announces Pricing of $550 Million In Aggregate Principal Amount of Notes

Exhibit 12.1

Ratio of Earnings to Fixed Charges

Computation of Ratios of Earnings to Fixed Charges

	Six Months Ended
	January 2		December 27
	2016		2014
	(in thousands)
Earnings:
Income from continuing operations before tax		374,714		388,401
Add fixed charges		59,922		64,749
Total Earnings		434,636		453,150
Fixed charges:
Interest on indebtedness including amortization of debt expense		46,025		48,066
Interest component of rent expense		13,897		16,683
Total fixed charges		59,922		64,749
Ratio of Earnings to Fixed Charges		7.3		7.0