1 EXHIBIT 12.01 INTUIT INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES IN THOUSANDS, EXCEPT RATIOS TEN YEAR MONTHS ENDED ENDED YEAR ENDED JULY 31, SEPT. 30, JULY 31, ----------------------------------------------------- 1993 1994 1995 1996 1997 1998 --------- --------- --------- --------- --------- -------- Earnings: Income (loss) from continuing operations before income taxes $ 14,770 $(181,493) $ (20,000) $ 1,870 $ 9,809 $(19,823) Fixed charges 1,056 934 3,278 4,828 5,395 5,315 --------- --------- --------- --------- --------- -------- Total $ 15,826 $(180,559) $ (16,722) $ 6,698 $ 15,204 $(14,508) ========= ========= ========= ========= ========= ======== Fixed Charges: Interest expense $ 79 $ 8 $ 232 $ 305 $ 652 $ 432 Portion of rent deemed to be interest 977 926 3,046 4,523 4,743 4,883 --------- --------- --------- --------- --------- -------- Total $ 1,056 $ 934 $ 3,278 $ 4,828 $ 5,395 $ 5,315 ========= ========= ========= ========= ========= ======== Ratio of earnings to fixed charges 14.99 (1) (2) (3) 2.82 (4) ========= ========= ========= ========= ========= ======== (1) Earnings were inadequate to cover fixed charges by $181,493. (2) Earnings were inadequate to cover fixed charges by $20,000. (3) Earnings were inadequate to cover fixed charges by $1,870. (4) Earnings were inadequate to cover fixed charges by $19,823.