EXHIBIT 12 GENERAL MILLS, INC. RATIO OF EARNINGS TO FIXED CHARGES Fiscal Year Ended May 28, May 29, May 30, May 31, May 26, 1995 1994 1993 1992 1991 Ratio of Earnings to Fixed Charges. . . . . 4.10 6.18 8.62 9.28 8.06 For purposes of computing the ratio of earnings to fixed charges, earnings represent pretax income from continuing operations plus fixed charges (net of capitalized interest). Fixed charges represent interest (whether expensed or capitalized) and one-third (the proportion deemed representative of the interest factor) of rents of continuing operations.