EXHIBIT 12
RATIO OF EARNINGS TO FIXED CHARGES
REEVES INDUSTRIES, INC. AND SUBSIDIARY
QUARTER ENDED
FISCAL YEAR ENDED DECEMBER 31, ----------------------
------------------------------------------------------------- MARCH 28, APRIL 3,
1989 1990 1991 1992 1993 1993 1994
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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 $ 1,688 $ 3,361
Plus fixed charges
Interest expense and amortization of
financing costs and debt discount.... 22,590 19,935 21,777 17,633 16,394 4,144 4,085
Interest portion of rent expense...... 358 213 396 476 491 64 178
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Total fixed charges................. 22,948 20,148 22,173 18,109 16,885 4,208 4,263
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Earnings plus fixed charges............. $ 35,531 $ 26,615 $ 27,090 $ 26,678 $ 28,743 $ 5,896 $ 7,624
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Ratio of earnings to fixed charges...... 1.6x 1.3x 1.2x 1.5x 1.7x 1.4 x 1.8x
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