EXHIBIT 12 EMERSON RADIO CORP. AND SUBSIDIARIES EXHIBIT TO FORM S-1 COMPUTATION OF RATIO OF EARNINGS (LOSS) TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In thousands, except ratio data) Historical Nine Three Three Three Months Year Months Year Year Year Months Months Ended Ended Ended Ended Ended Ended Ended Ended Dec. 31, Dec. 31 Mar. 31 Mar. 31 Mar. 31 Mar. 31 June 30, June 30, 1990 1991 1992 1993 1994 1995 1994 1995 Pretax Earnings(loss) $(39,851) $(59,571) $(6,743) $(55,291) $(73,327) $7,642 $(2,827) $(1,309) Fixed Charges: Interest 13,978 18,546 4,217 18,257 10,243 2,582 379 547 Amortization of debt expenses - - - - - 300 75 75 13,978 18,546 4,217 18,257 10,245 2,882 454 622 Earnings(loss) (25,873) (41,025) (2,526) (37,034) (63,084) 10,524 (2,373) (687) Fixed Charges: Interest 13,978 18,546 4,217 18,257 10,243 2,582 379 547 Amortization of debt expenses - - - - - 300 75 75 Preferred stock dividend requirements(a) - - - - - 725 181 181 13,978 18,546 4,217 18,257 10,243 3,607 635 803 Ratio of Earnings (Loss) to Combined Fixed Charges and Preferred Stock Dividends (1.85) (2.21) (0.60) (2.03) (6.16) 2.92 (3.74) (0.86) Coverage Deficiency $ 13,978 $ 18,546 $ 4,217 $ 18,257 $ 10,243 $ - $ 635 $ 803 ____________ (a) The preferred stock dividend requirements have been adjusted to reflect the pretax earnings which would be required to cover such dividend requirements. </page>