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, Mar. 31, Apr. 2, Apr. 3,
2002 2001 2000 1999 1998
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Pretax earnings (loss) $ 11,746 $ 11,709 $ 3,043 $ 496 $ (1,176)
Fixed charges:
Interest 3,053 3,745 1,932 1,925 1,833
Amortization of debt expenses 403 533 352 347 677
Lease expense 3,413 3,064 1,316 1,305 1,570
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6,869 7,342 3,600 3,577 4,080
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Pretax earnings (loss) before
fixed charges $ 18,615 $ 19,051 $ 6,643 $ 4,073 $ 2,904
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Fixed charges:
Interest $ 3,053 $ 3,745 $ 1,932 $ 1,925 $ 1,833
Amortization of debt expenses 403 533 352 347 677
Lease expense 3,413 3,064 1,316 1,305 1,570
Preferred stock dividend
requirements -- 51 103 171 400
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$ 6,869 $ 7,393 $ 3,703 $ 3,748 $ 4,480
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Ratio of earnings (loss) to
combined fixed charges and
preferred stock dividends 2.71 2.58 1.79 1.09 .65
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Coverage deficiency -- -- -- -- $ 1,576
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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.