1 EXHIBIT 12 CARDINAL HEALTH, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE FIVE YEARS ENDED JUNE 30, 2000 June 30, June 30, June 30, June 30, June 30, 1996 1997 1998 1999 2000 ------------ ------------ ------------ ------------ -------------- Earnings from continuing operations before income taxes ($141,905,000) $565,635,000 $691,448,000 $785,254,000 $1,077,800,000 Add-Fixed Charges: Interest Expense 62,110,000 107,249,000 94,684,000 99,547,000 119,318,000 Interest Capitalized -- 319,103 1,671,355 3,908,045 1,465,924 Amortization of Debt Offering Costs 2,090,000 1,087,000 843,439 1,558,171 1,515,494 Interest Portion of Rent Expense 20,802,336 24,054,248 24,623,639 27,836,361 32,929,996 ------------- ------------ ------------ ------------ -------------- Total Fixed Charges 85,002,336 132,709,351 121,822,433 132,849,577 155,229,414 Less: Interest Capitalized -- (319,103) (1,671,355) (3,908,045) (1,465,924) ------------- ------------ ------------ ------------ -------------- Earnings as Adjusted ($ 56,902,664) $698,025,248 $811,599,078 $914,195,532 $1,231,563,490 ============= ============ ============ ============ ============== Ratio of Earnings to Fixed Charges (0.7) 5.3 6.7 6.9 7.9