EXHIBIT 12
RATIO OF EARNINGS TO FIXED CHARGES
REEVES INDUSTRIES, INC. AND SUBSIDIARY
FISCAL YEAR ENDED DECEMBER 31,
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1989 1990 1991 1992 1993
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(IN THOUSANDS, EXCEPT RATIO)
Income from continuing operations before income taxes....... $12,583 $ 6,467 $ 4,917 $ 8,569 $11,858
Plus fixed charges
Interest expense and amortization of financing costs and
debt discount............................................ 22,590 19,935 21,777 17,633 16,394
Interest portion of rent expense.......................... 358 213 396 476 491
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Total fixed charges..................................... 22,948 20,148 22,173 18,109 16,885
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Earnings plus fixed charges................................. $35,531 $26,615 $27,090 $26,678 $28,743
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Ratio of earnings to fixed charges.......................... 1.6x 1.3x 1.2x 1.5x 1.7x
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