1 INTERNATIONAL HOME FOODS, INC. (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) EXHIBIT 12 COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES Three Months Ended March 31, 1997 March 31, 1996 -------------- -------------- Income before provision for income taxes $11,867 $27,613 Add (subtract): Interest on term loans and notes 24,747 -- Amortization of debt cost 1,160 -- Portion of rents representative of interest 163 157 ------- ------- Income as adjusted $37,937 $27,770 Fixed Charges Interest on term loans and notes 24,747 -- Amortization of debt costs 1,160 -- Portion of rents representative of interest 163 157 ------- ------- Total fixed charges $26,070 $ 157 Consolidated Ratio of Earnings to Fixed Charges 1.46 176.88 ======= =======