1 INTERNATIONAL HOME FOODS, INC. (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES Nine Months Ended September 30, September 30, 1997 1996 -------------- ------------ Income before provision for income taxes $10,324 $119,744 Add: Interest on term loans and notes 75,488 -- Amortization of debt cost 3,747 -- Interest Portion of rentals 489 471 ------- -------- Income as adjusted $90,048 $120,215 Fixed Charges Interest on term loans and notes $75,488 -- Amortization of debt costs 3,747 -- Interest Portion of rentals $ 489 $ 471 ------- -------- Total fixed charges $79,724 $ 471 Ratio of Earnings to Fixed Charges 1.13 255.23 ======= ======== 26