Exhibit 12
INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(in thousands)
THREE MONTHS ENDED NINE MONTHS ENDED
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Nov. 30, Nov. 30, Nov. 30, Nov. 30,
1999 1998 1999 1998
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Earnings from
continuing operations
before income taxes $13,630 $15,363 $29,199 $ 882
Plus: Fixed charges (1) 5,920 6,316 18,987 18,244
Less: Capitalized interest (234) (23) (563) (54)
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Earnings available to cover
fixed charges $19,316 $21,656 $47,623 $19,072
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Ratio of earnings to fixed charges 3.26 3.43 2.51 1.05
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(1) Fixed charges consisted of the following:
THREE MONTHS ENDED NINE MONTHS ENDED
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Nov. 30, Nov. 30, Nov. 30, Nov. 30,
1999 1998 1999 1998
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Interest expense, gross $3,737 $3,976 $12,184 $11,411
Rentals (Interest factor) 2,183 2,340 6,803 6,833
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Total fixed charges $5,920 $6,316 $18,987 $18,244
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