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EXHIBIT 12
LEWIS GALOOB TOYS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(in thousands, except ratios)
Years ended December 31,
------------------------
1995 1994 1993 1992 1991
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Net earnings (loss) $ 9,399 $18,424 $(10,924) $(2,447) $(7,540)
Income tax 600 778 9 238 --
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Charge (credit) 9,999 19,202 (10,915) (2,209) (7,540)
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Fixed charges:
Interest expense 3,429 2,609 1,836 1,550 1,775
Portion of rental expense 663 505 483 613 728
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Total fixed charges 4,092 3,114 2,319 2,163 2,503
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Earnings (loss) before
income taxes and fixed
charges $14,091 $22,316 $ (8,596) $ (46) $(5,037)
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Preferred dividends
requirements $ 3,127(B) $ 3,127(B) $ 3,127(B) $ 3,127 $ 3,127
Ratio of pretax income
to net income 1.06 1.04 1.00 1.00 1.00
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Preferred dividends
factored 3,315 3,252 3,127 3,127 3,127
Total fixed charges 4,092 3,114 2,319 2,163 2,503
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Total fixed charges and
preferred dividends $ 7,407 $ 6,366 $ 5,446 $ 5,290 $ 5,630
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Ratio of earnings to
fixed charges and
preferred dividends 1.90 3.51 (A) (A) (A)
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(A) Earnings are inadequate to cover fixed charges and preferred dividends in
1993, 1992, and 1991.
(B) Includes Preferred Stock dividends in arrears.