1 Exhibit 12 FEDDERS CORPORATION Computation of Ratio of Earnings To Fixed Charges (Dollar amounts in thousands) Years Ended August 31, ------------------------------------------------------------- 1993 1994 1995 1996 1997 Earnings: Income (loss) from continuing operations before taxes, extraordinary items and cumulative effect of accounting changes $(2,340) $19,803 $35,691 $50,266 $28,867 Add: Portion of rent representative of the interest factor 1,261 1,186 694 675 1,250 Interest expense 4,247 4,325 2,713 2,362 4,350 ------------------------------------------------------------- Income (loss) as adjusted 3,168 25,314 39,098 53,303 34,467 ============================================================= Fixed charges: Interest expense 4,247 4,325 2,713 2,362 4,350 Portion of rent representative of the interest factor 1,261 1,186 694 675 1,250 ------------------------------------------------------------- Fixed charges $5,508 $5,511 $3,407 $3,037 $5,600 ============================================================= Ratio of earnings to fixed charges -- 4.59 11.48 17.55 6.15 ============================================================= Deficiency of earnings versus fixed charges $2,340 -- -- -- -- =============================================================