FLEMING COMPANIES, INC.
Computation of Ratio of Earnings to Fixed Charges
16 Weeks Ended
April 20, April 22,
(In thousands of dollars 1996 1995
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Earnings:
Pretax income $ 12,096 $ 39,976
Fixed charges, net 65,209 67,758
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Total earnings $ 77,305 $107,734
Fixed charges:
Interest expense 55,760 56,397
Portion of rental charges
deemed to be interest 9,338 11,261
Capitalized interest - 427
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Total fixed charges $ 65,098 $ 68,085
Ratio of earnings to fixed charges 1.19 1.58
"Earnings" consists of income before income taxes and fixed charges excluding
capitalized interest. Capitalized interest amortized during the respective
periods is added back to earnings.
"Fixed charges, net" consists of interest expense, an estimated amount of
rental expense which is deemed to be representative of the interest factor
and amortization of capitalized interest.
The pro forma ratio of earnings to fixed charges is omitted as it is not
applicable.