EXHIBIT 12
PAGE 1 OF 2
HMC ACQUISITION PROPERTIES, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
FISCAL YEAR
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1995 1994
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Income before income taxes...................................... $18,338 $4,968
Add (deduct)
Fixed charges................................................. 16,778 984
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Adjusted earnings............................................... $35,116 $5,952
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Fixed charges:
Interest on indebtedness and amortization of deferred
financing costs.............................................. $16,266 $ 875
Portion of rents representative of the interest factor........ 512 109
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Total fixed charges............................................. $16,778 $ 984
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Ratio of earnings to fixed charges.............................. 2.1x 6.0x
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EXHIBIT 12
PAGE 2 OF 2
HMC ACQUISITION PROPERTIES, INC. AND SUBSIDIARIES
PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIO AMOUNTS)
1995
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Pro forma income before income taxes.................................... $ 11
Add (deduct)
Pro forma fixed charges............................................... 33
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Pro forma adjusted earnings............................................. $ 44
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Pro forma fixed charges:
Pro forma interest on indebtedness and amortization of deferred
financing costs...................................................... $ 32
Portion of rents representative of the interest factor................ 1
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Total pro forma fixed charges........................................... $ 33
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Pro forma ratio of earnings to fixed charges............................ 1.3x
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