EXHIBIT 12 GENERAL ELECTRIC COMPANY RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions) Nine months ended September 30, 1994 ------------------ GE except GECS - --------------- "Earnings" -a) $ 5,301 Less: Equity in undistributed earnings of General Electric Capital Services, Inc. -b) (864) Plus: Interest and other financial charges included in expense 316 One-third of rental expense -c) 159 ------- Adjusted "earnings" $ 4,912 ======= Fixed Charges: Interest and other financial charges $ 316 Interest capitalized 14 One-third of rental expense -c) 159 ------- Total fixed charges $ 489 ======= Ratio of earnings to fixed charges 10.04 ======= General Electric Company and consolidated affiliates - ---------------------------------------------------- "Earnings" -a) $5,805 Plus: Interest and other financial charges included in expense 7,155 One-third of rental expense -c) 289 ------- Adjusted "earnings" $13,249 ======= Fixed Charges: Interest and other financial charges $ 7,155 Interest capitalized 21 One-third of rental expense -c) 289 ----=-- Total fixed charges $ 7,465 ======= Ratio of earnings to fixed charges 1.77 ======= <FN> (a- Earnings before income taxes and minority interest. (b- Earnings after income taxes. (c- Considered to be representative of interest factor in rental expense.