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Exhibit 12
Dean Foods Company and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ending May
1995 1994 1993 1992 1991 1990
Income before taxes $136,388 $118,313 $114,759 $105,527 $124,340 $102,066
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Fixed charges:
Interest expense 22,397 15,471 14,888 15,551 16,780 12,682
Debt issue costs 117 123 155 118 128 93
Portion of rentals (33%) 8,270 6,997 7,653 9,124 8,528 8,350
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Total fixed charges 30,784 22,591 22,696 24,793 25,436 21,125
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Earnings before taxes and
fixed charges $167,172 $140,904 $137,455 $130,320 $149,776 $123,191
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Ratio of earnings to
fixed charges 5.4 6.2 6.1 5.3 5.9 5.8
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