Exhibit 12 INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Schedule of Computation of Ratio of Earnings to Fixed Charges (unaudited) (dollars in thousands) THREE MONTHS ENDED SIX MONTHS ENDED Aug. 31, Aug. 31, Aug. 31, Aug. 31, 1995 1994 1995 1994 Earnings before income taxes $ 3,928 $35,753 $10,950 $40,815 Plus: Fixed charges (1) 7,826 4,355 15,814 10,364 Less: Capitalized interest (51) (91) (95) (169) Earnings available to cover fixed charges $11,703 $40,017 $26,669 $51,010 Ratio of earnings to fixed charges 1.50 9.19 1.69 4.92 (1) Fixed charges consisted of the following: THREE MONTHS ENDED SIX MONTHS ENDED Aug. 31, Aug. 31, Aug. 31, Aug. 31, 1995 1994 1995 1994 Interest expense, gross $ 5,350 $ 2,235 $10,897 $ 5,930 Rentals (1/3) 2,476 2,120 4,917 4,434 Total fixed charges $ 7,826 $ 4,355 $15,814 $10,364