1 Exhibit 12 CUMBERLAND FARMS, INC. RATIO OF EARNINGS TO FIXED CHARGES 000's OMITTED FISCAL YEARS ENDED SEPTEMBER 30, 1997 1996 1995 1994 1993 ---- ---- ---- ---- ---- Net Income (Loss) before $10,031 $21,848 $32,604 ($11,352) $ 7,695 extraordinary gains Fixed Charges 26,237 26,262 27,792 30,202 28,645 ------- ------- ------- -------- ------- $36,268 $48,110 $60,396 $ 18,850 $36,340 ======= ======= ======= ======== ======= Fixed Charges Interest $22,823 $22,872 $25,071 $ 27,891 $25,947 Interest re: Rentals 3,194 3,170 2,501 2,146 2,698 Amortization of Deferred Debt Expense 220 220 220 165 ------- ------- ------- -------- ------- Total Fixed Charges $26,237 $26,262 $27,792 $ 30,202 $28,645 ======= ======= ======= ======== ======= Ratio of Earnings to Fixed Charges 1.4 to 1 1.8 to 1 2.2 to 1 .62 to 1 1.3 to 1