Exhibit 12 INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (unaudited) (in thousands) THREE MONTHS ENDED NINE MONTHS ENDED Nov. 30, Nov. 30, Nov. 30, Nov. 30, 1997 1996 1997 1996 Earnings before income taxes $15,976 $12,338 $25,317 $16,963 Plus: Fixed charges (1) 6,495 6,810 21,303 20,291 Less: Capitalized interest - (7) (9) (26) Earnings available to cover fixed charges $22,471 $19,141 $46,611 $37,228 Ratio of earnings to fixed charges 3.46 2.81 2.19 1.83 (1) Fixed charges consisted of the following: THREE MONTHS ENDED NINE MONTHS ENDED Nov. 30, Nov. 30, Nov. 30, Nov. 30, 1997 1996 1997 1996 Interest expense, gross $ 4,162 $ 4,438 $14,120 $13,375 Rentals (Interest factor) 2,333 2,372 7,183 6,916 Total fixed charges $ 6,495 $ 6,810 $21,303 $20,291