ARAMARK CORPORATION AND SUBSIDIARIES
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
(In thousands)
Fiscal Year Ended
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September 27, September 29, September 30, October 1, October 2,
1996 1995 1994 1993 1992
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Income before income taxes
and minority interest $ 179,159 $ 167,577 $ 163,484 $ 143,265 $ 123,723
Fixed charges, excluding
capitalized interest 160,740 152,991 150,432 168,158 180,913
Other, net (371) 1,502 (477) 1,222 1,231
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Earnings, as adjusted $ 339,528 $ 322,070 $ 313,439 $ 312,645 $ 305,867
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Interest expense $ 117,856 $ 111,605 $ 110,040 $ 128,367 $ 141,180
Capitalized interest 414 79 27 47 47
Portion of operating lease
rentals representative
of interest factor 42,884 41,386 40,392 39,791 39,733
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Fixed charges $ 161,154 $ 153,070 $ 150,459 $ 168,205 $ 180,960
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Ratio of earnings to
fixed charges 2.1x 2.1x 2.1x 1.9x 1.7x
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(A) 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).