Exhibit 12-B
CHRYSLER CORPORATION ENTERPRISE AS A WHOLE
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
Three Months Ended
March 31,
(Unaudited)
----------------------
1996 1995
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(dollars in millions)
Net earnings from continuing operations
before cumulative effect of a change in
accounting principle $1,005 $ 592
Add back:
Taxes on income 665 378
Fixed charges 350 326
Amortization of previously
capitalized interest 28 24
Deduct:
Capitalized interest 36 45
Undistributed earnings from
less than fifty-percent owned
affiliates 4 2
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Earnings available for fixed charges $2,008 $1,273
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Fixed charges:
Interest expense $ 272 $ 245
Interest expense of unconsolidated
subsidiaries -- --
Capitalized interest 36 45
Credit line commitment fees 3 2
Interest portion of rent expense 39 34
Gross up of preferred stock dividends of
majority-owned subsidiaries (CFC) to a
pretax basis -- --
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Total fixed charges $ 350 $ 326
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Ratio of earnings to fixed charges 5.74 3.90
Preferred stock dividend requirements 2 23
Ratio of earnings to fixed charges and
preferred stock dividend requirements 5.70 3.65
Equity taken up in earnings of less than
fifty-percent owned affiliates $ 4 $ 2
Deduct: Dividends paid by affiliates -- --
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Undistributed earnings from
less than fifty-percent owned affiliates $ 4 $ 2
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The ratio of earnings to fixed charges is computed by dividing earnings
available for fixed charges by total fixed changes. The ratio of earnings to
fixed changes and preferred stock dividend requirements is computed by
dividing earnings available for fixed charges by the sum of total fixed
charges and preferred stock dividend requirements.