EXHIBIT 12
JO-ANN STORES, INC.
RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR ENDED
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JANUARY 31, JANUARY 30, JANUARY 29, FEBRUARY 3, FEBRUARY 2,
1998 1999 2000 2001 2002
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Earnings:
Income (loss) before income taxes $ 50.8 $ 22.0 $ 41.2 $(11.4) $(23.1)
Interest Expense 5.9 12.5 26.2 29.0 32.7
Portion of occupancy expense
deemed representative of interest(1) 23.5 30.9 34.4 37.0 38.6
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Total Earnings $ 80.2 $ 65.4 $101.8 $ 54.6 $ 48.2
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Fixed Charges:
Interest Expense $ 5.9 $ 12.5 $ 26.2 $ 29.0 $ 32.7
Portion of occupancy expense
deemed representative of interest (1) 23.5 30.9 34.4 37.0 38.6
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Total Fixed Charges $ 29.4 $ 43.4 $ 60.6 $ 66.0 $ 71.3
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Ratio of Earnings to Fixed Charges 2.7x 1.5x 1.7x 0.8x 0.7x
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(1) Represents 33% of fixed rental charges