Calculations of Ratios of Earnings to Fixed Charges Exhibit (12.0) General Signal Corporation and Consolidated Subsidiaries Year Ended December 31, (Dollars in millions) 1995 1994 1993 1992 1991 - ------------------------------------------------------------------------------------------- Earnings Earnings (loss) before income taxes $ 156.4 $ 160.3 $ 139.1 $ 9.5 $ 97.4 Added fixed charges ............... 34.7 20.2 22.6 35.3 39.3 - ------------------------------------------------------------------------------------------- $ 191.1 $ 180.5 $ 161.7 $ 44.8 $ 136.7 - ------------------------------------------------------------------------------------------- Fixed charges Interest expense (gross) .......... $ 27.7 $ 14.4 $ 18.0 $ 28.6 $ 31.8 One-third of rent expense ......... 7.0 5.8 4.6 6.7 7.5 - ------------------------------------------------------------------------------------------- $ 34.7 $ 20.2 $ 22.6 $ 35.3 $ 39.3 - ------------------------------------------------------------------------------------------- Ratio ................................. 5.51 8.94 7.15 1.27 3.48 - -------------------------------------------------------------------------------------------