EXHIBIT 12.1
BWAY CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended September 30,
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Pro Forma
1993 1994 1995 1996 1997 1997
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SELECTED HISTORICAL FINANCIAL DATA:
Earnings were calculated as follows:
Income before income taxes, extraordinary
item and cumulative effect of change
in accounting.............................. 8,887 9,001 14,794 6,958 22,250 20,005
Add: Fixed charges.......................... 3,328 6,597 6,478 6,625 12,049 14,700
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Earnings...................................... 12,215 15,598 21,272 13,583 34,299 34,705
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Fixed charges were calculated as follows:
Interest expense (a)........................ 2,795 5,730 5,611 5,525 10,649 13,300
Portion of rentals
attributable to interest (b)............... 533 867 867 1,100 1,400 1,400
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Fixed charges................................. 3,328 6,597 6,478 6,625 12,049 14,700
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Ratio of earnings to fixed charges............ 3.7x 2.4x 3.3x 2.1x 2.8x 2.4x
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