1 EXHIBIT 12 Dean Foods Company Computation of Ratio of Earnings to Fixed Charges (In thousands) 39 Weeks Ended February 28, 1999 ----------------- Income before taxes $ 81,225 --------- Fixed charges: Interest expense 27,947 Portion of rentals (33%) 8,070 --------- Total fixed charges 36,017 --------- Earnings before taxes and fixed charges $ 117,242 ========= Ratio of earnings to fixed charges 3.3 =========