EXHIBIT 99 - COMPUTATION OF THE RATIOS OF EARNINGS TO FIXED CHARGES WHIRLPOOL CORPORATION AND SUBSIDIARIES (dollars in millions) Six Months Ended June 30, 1995 ------------------------------------- Appliance Financial Whirlpool Business Services Corporation --------- --------- ----------- Pretax earnings $ 145.3 $ 16.6 $ 161.9 Portion of rents representative of the interest factor 10.0 0.4 10.4 Interest on indebtedness 57.7 38.0 95.7 Amortization of debt expense and premium 0.3 0.1 0.4 WFC preferred stock dividend - 2.3 2.3 --------- --------- ----------- Adjusted income $ 213.3 $ 57.4 $ 270.7 ========= ========= =========== Fixed charges - ------------- Portion of rents representative of the interest factor $ 10.0 $ 0.4 $ 10.4 Interest on indebtedness 57.7 38.0 95.7 Amortization of debt expense and premium 0.3 0.1 0.4 WFC preferred stock dividend - 2.3 2.3 --------- --------- ----------- $ 68.0 $ 40.8 $ 108.8 ========= ========= =========== Ratio of earnings to fixed charges 3.14 1.41 2.49 ========= ========= =========== Ratio of earnings to fixed charges at June 30, 1994 5.44 1.44 4.08 ========= ========= =========== 20