Exhibit 12 AMERIKING, INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Dec. 29, 1998 to Dec. 30, 1997 to March 29, 1999 March 30, 1998 --------------------- -------------------- W/O PIK With PIK W/O PIK With PIK Dividends Dividends Dividends Diviends --------------------- -------------------- EARNINGS Income (loss) before income taxes benefit (858) (858) (435) (435) Interest expense 4,502 4,502 4,008 4,008 Amortization of deferred financing costs 250 250 199 199 Portion of rents representative of interest 2,087 2,087 1,722 1,722 Preferred stock PIK dividends -- 143 -- 113 ----- ----- ----- ----- Total earnings 5,981 6,124 5,494 5,607 ----- ----- ----- ----- FIXED CHARGES Interest expense 4,502 4,502 4,008 4,008 Amortization of deferred financing costs 250 250 199 199 Portion of rents representative of interest 2,087 2,087 1,722 1,722 Preferred stock PIK dividends -- 143 -- 113 Total Fixed Charges 6,839 6,982 5,929 6,042 ----- ----- ----- ----- RATIO OF EARNINGS TO FIXED CHARGES 0.87 0.88 0.93 0.93 ----- ----- ----- ----- INSUFFICIENT EARNINGS TO COVER FIXED CHARGES (858) (858) (435) (435) ----- ----- ----- -----