Exhibit 12 INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Schedule of Computation of Ratio of Earnings to Fixed Charges (unaudited) (dollars in thousands) THREE MONTHS ENDED May 31, May 31, 1994 1993 Earnings before income taxes (1) $ 5,062 $ 9,985 Plus: Fixed charges (2) 6,010 5,837 Less: Capitalized interest (78) (89) Earnings available to cover fixed charges $10,994 $15,733 Ratio of earnings to fixed charges 1.83 2.70 (1) Earnings before income taxes have been adjusted to exclude earnings from less-than-fifty-percent-owned subsidiaries. (2) Fixed charges consisted of the following: THREE MONTHS ENDED May 31, May 31, 1994 1993 Interest expense, gross $ 3,695 $ 3,376 Rentals (1/3) 2,315 2,461 Total fixed charges $ 6,010 $ 5,837