EXHIBIT 11 TANDY CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE Year Ended Six Months Ended December 31, December 31, Year Ended June 30, ____________ ________________ ___________________ (In thousands, except per share amounts) 1993 1992 1992 1991 PRIMARY EARNINGS PER SHARE Reconciliation of net income per statements of income to amounts used in computation of primary earnings per share: Net income, as reported $ 96,849 $ 3,806 $ 183,847 $ 195,444 Less dividends on preferred stock: Series B, net of tax in 1992 (a) (7,136) (2,419) (4,911) (4,538) Series C (32,100) (16,050) (12,573) -- __________ _________ __________ __________ Net income available to common stockholders 57,613 (14,663) 166,363 190,906 Plus dividends on Series C preferred stock 32,100 16,050 12,573 -- __________ _________ __________ __________ Net income for primary earnings per share $ 89,713 $ 1,387 $ 178,936 $ 190,906 __________ _________ __________ __________ __________ _________ __________ __________ Weighted average number of common shares outstanding 63,582 63,072 74,631 78,258 Weighted average number of $2.14 depositary shares, representing Series C preferred stock, treated as common stock due to mandatory conversion (b) 12,457 12,457 4,323 -- Weighted average number of common shares issuable under stock option plans, net of assumed treasury stock repurchases at average market prices 145 30 57 -- __________ _________ __________ __________ Weighted average number of common and common equivalent shares outstanding 76,184 75,559 79,011 78,258 __________ _________ __________ __________ __________ _________ __________ __________ Net income per average common and common equivalent share $ 1.18 $ 0.02 $ 2.26 $ 2.44 __________ _________ __________ __________ __________ _________ __________ __________ FULLY DILUTED EARNINGS PER SHARE (c) Reconciliation of net income per statements of income to amounts used in computation of fully diluted earnings per share: Net income available to common stockholders $ 57,613 $(14,663) $ 166,363 $ 190,906 Plus dividends on Series C preferred stock 32,100 16,050 12,573 -- Adjustments for assumed conversion of Series B preferred stock to common stock as of the later of the beginning of the period or the date of issuance, August 1, 1990: Plus dividends on Series B preferred stock, net of tax (a) (d) (d) 4,911 4,538 Less additional contribution that would have been required for the TESOP if Series B preferred stock had been converted (d) (d) (3,612) (3,232) __________ _________ __________ __________ Net income, as adjusted $ 89,713 $ 1,387 $ 180,235 $ 192,212 __________ _________ __________ __________ __________ _________ __________ __________ Reconciliation of weighted average number of shares outstanding to amount used in computation of fully diluted earnings per share: Weighted average number of shares outstanding 76,184 75,559 79,011 78,258 Adjustment to reflect assumed exercise of stock options as of the beginning of the period 223 35 35 67 Adjustment to reflect assumed conversion of Series B preferred stock to common stock as of the later of the beginning of the period or the date of issuance, August 1, 1990 (d) (d) 2,166 1,992 __________ _________ __________ __________ Weighted average number of common and common equivalent shares outstanding, as adjusted 76,407 75,594 81,212 80,317 __________ _________ __________ __________ __________ _________ __________ __________ Fully diluted net income per average common and common equivalent share $ 1.17 $ 0.02 $ 2.22 $ 2.39 __________ _________ __________ __________ __________ _________ __________ __________ (a) Series B dividends for the year ended December 31, 1993 are not net of income tax benefits associated with unallocated shares in the TESOP in accordance with EITF Issue No. 92-3. (b) Effect of mandatory conversion of Series C preferred stock for the six months ended December 31, 1992 and the year ended June 30, 1992 have been restated to reflect the common shares issuable at the closing market at December 31, 1993 of $49.40. (c) This calculation is submitted in accordance with Regulation S-K, Item 601(b)(11) although not required by footnote 2 to paragraph 14 of APB Opinion No. 15 because it results in dilution of less than 3%. (d) For the year ended December 31, 1993 and the six months ended December 31, 1992 these items are anti- dilutive and thus are omitted from the calculation. EXHIBIT 12 TANDY CORPORATION STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS (1) Year Ended Six Months Ended December 31, December 31, Year Ended June 30, ____________ ________________ ___________________________________________ (In thousands, except per share amounts) 1993 1992 1992 1991 1990 1989 Ratios of Earnings to Fixed Charges: Income from continuing operations $ 195,632 $ 67,681 $ 210,713 $ 219,935 $ 277,122 $ 303,822 Plus provision for income taxes 115,523 35,236 119,785 123,342 167,926 190,754 _________ _________ _________ _________ _________ _________ Income before income taxes 311,155 102,917 330,498 343,277 445,048 494,576 Fixed charges: Interest expense and amortization of debt discount 39,707 20,532 43,154 70,313 58,592 40,583 Amortization of issuance expense 409 591 563 400 325 479 Appropriate portion (33 1/3%) of rentals 67,467 35,109 68,224 63,980 59,123 56,586 _________ _________ _________ _________ _________ _________ Total fixed charges 107,583 56,232 111,941 134,693 118,040 97,648 _________ _________ _________ _________ _________ _________ Earnings before income taxes and fixed charges $ 418,738 $ 159,149 $ 442,439 $ 477,970 $ 563,088 $ 592,224 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ Ratios of earnings to fixed charges 3.89 2.83 3.95 3.55 4.77 6.06 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ Ratios of Earnings to Fixed Charges and Preferred Dividends: Total fixed charges, as above 107,583 56,232 111,941 134,693 118,040 97,648 Preferred dividends 36,738 18,469 20,014 6 875 -- -- _________ _________ _________ _________ _________ _________ Total fixed charges and preferred dividends $ 144,321 $ 74,701 $ 131,955 $ 141,568 $ 118,040 $ 97,648 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ Earnings before income taxes, fixed charges and preferred dividends $ 418,738 $ 159,149 $ 442,439 $ 477,970 $ 563,088 $ 592,224 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ Ratios of earnings to fixed charges and preferred dividends 2.90 2.13 3.35 3.38 4.77 6.06 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ (1) The computation of Ratios of Earnings to Fixed Charges and Ratios of Earnings to Fixed Charges and Preferred Dividends excludes results of operations from discontinued operations and fixed charges relating to these same operations.