1 BRIGGS & STRATTON CORPORATION EXHIBIT NO. 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars in thousands) Fiscal Year Ended -------------------------------------------------- June 29, 1997 June 30, 1996 July 2, 1995 ------------- ------------- ------------ Net income $ 61,565 $ 92,412 $ 104,805 Add: Interest 9,880 10,069 8,580 Income tax expense and other taxes on income 37,740 56,640 65,570 Fixed charges of unconsolidated subsidiaries 668 574 641 ------------- ------------- ------------ Earnings as defined $ 109,853 $ 159,695 $ 179,596 ============= ============= ============ Interest $ 9,880 $ 10,069 $ 8,580 Fixed charges of unconsolidated subsidiaries 668 574 641 ------------- ------------- ------------ Fixed Charges as defined $ 10,548 $10,643 $ 9,221 ============= ============= ============ Ratio of earnings to fixed charges 10.4x 15.0x 19.5x ============= ============= ============ 1