EXHIBIT 12.1
VANSTAR CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR SEVEN MONTHS FISCAL YEAR ENDED
ENDED ENDED APRIL 30,
SEPTEMBER 30, APRIL 30, ---------------------------
1993 1994 1995 1996 1997
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Earnings:
Income from continuing operations before
provisions for income taxes............ $(25,492) $(11,615) $ 2,149 $12,782 $54,903
Add:
Interest expense...................... 23,045 12,789 32,555 35,804 17,061
Portion of rents representative
of the interest factor.............. 5,067 2,900 4,733 4,600 6,467
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Earnings........................... $ 2,620 $ 4,074 $39,437 $53,186 $78,431
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Fixed charges:
Interest expense......................... $ 23,045 $ 12,789 $32,555 $35,804 $17,061
Portion of rents representative
of the interest factor................. 5,067 2,900 4,733 4,600 6,467
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Total fixed charges................... $ 28,112 $ 15,689 $37,288 $40,404 $23,528
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Ratio of earnings to fixed charges.......... 0.09 0.26 1.06 1.32 3.33
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Excess (deficiency) of earnings over
fixed charges............................. $(25,492) $(11,615) $ 2,149 $12,782 $54,903
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