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EXHIBIT 12
ARAMARK CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (1)
(In thousands)
Fiscal Year Ended
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September 30, October 1, October 2, September 27, September 28,
1994 1993 1992 1991 1990
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Income before income taxes
and minority interest $ 163,484 $ 143,265 $ 123,723 $ 117,899 $ 107,220
Fixed charges, excluding
capitalized interest 150,432 168,158 180,913 190,118 195,965
Other, net (477) 1,222 1,231 (1,819) (282)
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Earnings, as adjusted $ 313,439 $ 312,645 $ 305,867 $ 306,198 $ 302,903
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Interest expense $ 110,040 $ 128,367 $ 141,180 $ 145,727 $ 154,345
Capitalized interest 27 47 47 14 590
Portion of operating lease
rentals representative
of interest factor 40,392 39,791 39,733 44,391 41,620
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Fixed charges $ 150,459 $ 168,205 $ 180,960 $ 190,132 $ 196,555
=========== ========== =========== =========== ============
Ratio of earnings to
fixed charges 2.1x 1.9x 1.7x 1.6x 1.5x
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(1) For the purpose of determining the ratio of earnings to fixed charges,
earnings include pre-tax income plus fixed charges (excluding capitalized
interest). Fixed charges consist of interest on all indebtedness (including
capitalized interest) plus that portion of operating lease rentals
representative of the interest factor (deemed to be one-third of operating
lease rentals).