Calculation of Ratios of Earnings to Fixed Charges 	General Signal Corporation (Dollars in millions) Exhibit (12.0) 		 				 Quarter 						 Ended 						 March 31, Year Ended December 31, 1996 1995 1994 1993 1992 1991 Earnings: Earnings from continuing operations before income taxes and extraordinary items $42.3 $156.4 $160.3 $139.1 $ 9.5 $97.4 Add: Fixed charges 9.1 34.7 20.2 22.6 35.3 39.3 ----- ------ ----- ------ ------ ----- $51.4 $191.1 $180.5 $161.7 $44.8 $136.7 Fixed charges: Interest Expense (Gross) $7.4 $27.7 $14.4 $18.0 $28.6 $31.8 One-third of rent expense 1.7 7.0 5.8 4.6 6.7 7.5 ----- ----- ----- ----- ----- ----- $9.1 $34.7 $20.2 $22.6 $35.3 $39.3 ----- ----- ----- ----- ----- ----- Ratio 5.65 5.51 8.94 7.15 1.27 3.48 ==== ===== ===== ===== ===== ====