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EXHIBIT 12
GENERAL MOTORS ACCEPTANCE CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
1999 1998 1997 1996 1995
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Consolidated net income $ 1,527.3 $ 1,325.3 $ 1,301.1 $ 1,240.5 $ 1,031.0
Provision for income taxes 960.2 611.7 912.9 837.2 752.2
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Consolidated income before income taxes 2,487.5 1,937.0 2,214.0 2,077.7 1,783.2
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Fixed charges
Interest, debt, discount and expense 6,526.2 5,786.9 5,255.5 4,937.5 4,936.3
Portion of rentals representative of the
interest factor 97.7 79.1 69.8 77.8 54.5
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Total fixed charges 6,623.9 5,866.0 5,325.3 5,015.3 4,990.8
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Earnings available for fixed charges $ 9,111.4 $ 7,803.0 $ 7,539.3 $ 7,093.0 $ 6,774.0
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Ratio of earnings to fixed charges 1.38 1.33 1.42 1.41 1.36
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