1 EXHIBIT 12 (ii) NYCOR, INC. COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLAR AMOUNTS IN THOUSANDS) HISTORICAL ---------------------------------------------------------- NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, ------------------------------------------ 1995 1994 1993 1992 1991 1990 ------------- ------ ------ ------ ------ ------ Earnings: Income (loss) from continuing operations before taxes, extraordinary items and cumulative effect of accounting changes............................. ($2,868) $ 856 $4,379 $5,389 $4,157 $4,339 Add: Portion of rent representative of the interest factor.......................................... -- -- -- -- -- -- Interest expense.................................. 240 -- -- -- -- -- ------ ------ ----- ------ ------ ------ Income (loss) as adjusted........................... ($2,628) $ 856 $4,379 $5,389 $4,157 $4,339 ====== ====== ===== ====== ====== ====== Preferred dividend requirements..................... $ 1,467 $1,955 $1,955 $1,955 $1,955 $1,955 Ratio of income before provision for income taxes to net income(a)..................................... 160% 160% 158% 152% 152% 152% Preferred dividend factor on pretax basis........... 2,347 3,128 3,089 2,972 2,972 2,972 Fixed charges Interest expense.................................. 240 -- -- -- -- -- Portion of rent representative of the interest factor.......................................... -- -- -- -- -- -- ------ ------ ----- ------ ------ ------ Fixed charges and preferred dividends........... $ 2,587 $3,128 $3,089 $2,972 $2,972 $2,972 ====== ====== ===== ====== ====== ====== Ratio of earnings to combined fixed charges and preferred stock dividends......................... -- -- 1.42 1.81 1.40 1.46 ====== ====== ===== ====== ====== ====== Deficiency of earnings versus combined fixed charges and preferred stock dividends..................... $ 5,215 $2,272 -- -- -- -- ====== ====== ===== ====== ====== ====== - ------------------------ (a) To reflect the Company's actual or expected marginal effective tax rate, as applicable.