Exhibit 12 RATIO OF EARNINGS TO FIXED CHARGES Twenty-Six Weeks Ended Fiscal Year Ended November 23, November 24, May 25, May 26, May 28, May 29,May 30, 1997 1996 1997 1996 1995 1994 1993 ------------------------ -------------------------------------- Ratio of Earnings to Fixed Charges 5.22 7.68 6.54 6.94 4.10 6.18 8.62 For purposes of computing the ratio of earnings to fixed charges, earnings represent pretax income from continuing operations, plus pretax earnings or losses of joint ventures 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.