EXHIBIT 12 THE GILLETTE COMPANY AND SUBSIDIARY COMPANIES STATEMENT RE: CALCULATION OF CURRENT RATIO Years Ended December 31, 1994, 1993 and 1992 (Millions of Dollars) 1994 1993 1992 ---- ---- ---- Current Assets $ 2747.4 $ 2528.0 $ 2336.2 Current Liabilities $ 1783.2 $ 1760.3 $ 1560.8 Current Ratio 1.54 1.44 1.50