EXHIBIT 12
EMERSON RADIO CORP. AND SUBSIDIARIES
EXHIBIT TO FORM 10-K
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS
(In thousands, except ratio data)
Historical
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Year Year Year Year Year
Ended Ended Ended Ended Ended
Mar. 31, Mar. 31, Apr. 2, Apr. 3, Mar. 31,
2001 2000 1999 1998 1997
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Pretax earnings (loss) $ 11,709 $ 3,043 $ 496 $ (1,176) $ (23,738)
Fixed charges:
Interest 3,745 1,932 1,925 1,833 2,789
Amortization of debt expenses 533 352 347 677 640
Lease expense 3,064 1,316 1,305 1,570 1,790
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7,342 3,600 3,577 4,080 5,219
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Pretax earnings (loss) before
fixed charges $ 19,051 $ 6,643 $ 4,073 $ 2,904 $ (18,519)
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Fixed charges:
Interest $ 3,745 $ 1,932 $ 1,925 $ 1,833 $ 2,789
Amortization of debt expenses 533 352 347 677 640
Lease expense 3,064 1,316 1,305 1,570 1,790
Preferred stock dividend
requirements 51 103 171 400 700
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$ 7,393 $ 3,703 $ 3,748 $ 4,480 $ 5,919
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Ratio of earnings (loss) to
combined fixed charges and
preferred stock dividends 2.58 1.79 1.09 .65 (3.13)
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Coverage deficiency -- -- -- $ 1,576 $ 4,129
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(a) The preferred stock dividend requirements have been adjusted to reflect the
pretax earnings which would be required to cover such dividend
requirements.