EXHIBIT 12 HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Six Months and Quarter Ended June 29, 1997 (Thousands of Dollars) Six Months Quarter ------- ------- Earnings available for fixed charges: Net earnings $ 38,675 12,981 Add: Fixed charges 17,607 9,473 Income taxes 21,755 7,302 ------- ------- Total $ 78,037 29,756 ======= ======= Fixed Charges: Interest on long-term debt $ 4,608 2,304 Other interest charges 5,315 3,189 Amortization of debt expense 170 85 Rental expense representative of interest factor 7,514 3,895 ------- ------- Total $ 17,607 9,473 ======= ======= Ratio of earnings to fixed charges 4.43 3.14 ======= =======