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,
1998 1997 1998 1997
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Earnings from continuing operations
before income taxes $15,363 $19,733 $ 882 $30,310
Plus: Fixed charges (1) 6,343 6,495 18,271 21,303
Less: Capitalized interest (50) - (81) (9)
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Earnings available to cover
fixed charges $21,656 $26,228 $19,072 $51,604
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Ratio of earnings to fixed charges 3.41 4.04 1.04 2.42
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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,
1998 1997 1998 1997
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Interest expense, gross $ 4,003 $ 4,162 $11,438 $14,120
Rentals (Interest factor) 2,340 2,333 6,833 7,183
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Total fixed charges $ 6,343 $ 6,495 $18,271 $21,303
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