EXHIBIT 12.2 AGRILINK FOODS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS) FISCAL FISCAL YEAR ENDED QUARTER ENDED ----------------------------------------------------------------- ------------- JUNE 27, 1998 JUNE 25, JUNE 24, JUNE 29, JUNE 28, -------------------- SEPTEMBER 27, 1994 1995 1996 1997 ACTUAL PRO FORMA 1997 -------- -------- -------- -------- ------- ---------- ------------- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Income/(loss) before taxes, cumulative effect of an accounting change, and extraordinary item............. $ 18.8 $ 10.0 $(18.8) $ 7.5 $12.5 $ 3.4 $ 2.6 Fixed charges: Interest expense............ 18.2 32.4 42.0 35.0 30.6 72.9 7.6 Rentals(B).................. 1.5 1.3 1.4 1.5 1.6 2.0 0.4 -------- -------- -------- -------- ------- ---------- ------ Total fixed charges.... 19.7 33.7 43.4 36.5 32.2 74.9 8.0 -------- -------- -------- -------- ------- ---------- ------ Adjusted earning/(loss) and fixed charges.................. $ 38.5 $ 43.7 $ 24.6 $ 44.0 $44.7 $ 78.3 $10.6 -------- -------- -------- -------- ------- ---------- ------ -------- -------- -------- -------- ------- ---------- ------ Ratio of earnings to fixed charges........................ 1.95 1.30 (C) 1.20 1.39 1.05 1.33 -------- -------- -------- -------- ------- ---------- ------ -------- -------- -------- -------- ------- ---------- ------ SEPTEMBER 26, 1998 -------------------------------- ACTUAL PRO FORMA ------------------ --------- COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Income/(loss) before taxes, cumulative effect of an accounting change, and extraordinary item............. $ 2.1(A) $(5.5) Fixed charges: Interest expense............ 8.3 19.2 Rentals(B).................. 0.4 0.5 ------ --------- Total fixed charges.... 8.7 19.7 ------ --------- Adjusted earning/(loss) and fixed charges.................. $ 10.8 $14.2 ------ --------- ------ --------- Ratio of earnings to fixed charges........................ 1.24 (C) ------ --------- ------ --------- - ------------ (A) The $64.2 million gain on the sale of the Aseptic Business has been excluded in calculating the ratio of earnings to fixed charges for the quarter ended September 26, 1998. (B) Rentals deemed representative of the interest factor included in rent expense. (C) For fiscal 1996 and the first quarter of fiscal 1999 on a pro forma basis, earnings before fixed charges were insufficient to cover fixed charges by $18.7 million and $5.5 million, respectively.