Exhibit 12-B
CHRYSLER CORPORATION ENTERPRISE AS A WHOLE
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
Six Months Ended
June 30,
(Unaudited)
----------------
1996 1995
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(dollars in millions)
Net earnings from continuing operations before
cumulative effect of a change in accounting
principle $2,042 $ 727
Add back:
Taxes on income 1,348 481
Fixed charges 700 682
Amortization of previously
capitalized interest 56 49
Deduct:
Capitalized interest 81 90
Undistributed earnings from
less than fifty-percent owned
affiliates 9 8
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Earnings available for fixed charges $4,056 $1,841
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Fixed charges:
Interest expense $ 534 $ 515
Interest expense of unconsolidated
subsidiaries -- --
Capitalized interest 81 90
Credit line commitment fees 8 4
Interest portion of rent expense 77 73
Gross up of preferred stock dividends of
majority-owned subsidiaries (CFC) to a
pretax basis -- --
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Total fixed charges $ 700 $ 682
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Ratio of earnings to fixed charges 5.79 2.70
Preferred stock dividend requirements 3 28
Ratio of earnings to fixed charges and
preferred stock dividend requirements 5.77 2.59
Equity taken up in earnings of less than
fifty-percent owned affiliates $ 9 $ 8
Deduct: Dividends paid by affiliates -- --
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Undistributed earnings from
less than fifty-percent owned affiliates $ 9 $ 8
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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 charges 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.