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CARDINAL HEALTH, INC. Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months
March 31, March 31, March 31, March 31, June 30, Ended
1990 1991 1992 1993 1994 March 31, 1995
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Earnings from continuing operations
before income taxes $21,086,000 $30,812,000 $47,653,000 $66,257,000 $70,760,000 $108,296,000
Add-Fixed Charges:
Interest Expense 22,120,000 26,623,000 25,881,000 26,623,000 18,140,000 14,689,000
Interest Capitalized 0 271,000 163,000 0 0 0
Amortization of Debt Offering Costs 456,000 500,000 2,272,000 267,000 220,000 228,000
Interest Portion of Rent Expense 3,652,000 3,534,000 3,895,000 4,503,000 4,860,000 4,076,000
Preferred Stock Dividend Requirement 3,267,000 3,130,000 3,360,000 3,327,000 2,429,000 0
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Total Fixed Charges 29,495,000 34,058,000 35,571,000 34,720,000 25,649,000 18,993,000
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Less: Interest Capitalized 0 (271,000) (163,000) 0 0 0
Preferred Stock Dividend Requirement (3,267,000) (3,130,000) (3,360,000) (3,327,000) (2,429,000) 0
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Earnings as Adjusted $47,314,000 $61,469,000 $79,701,000 $97,650,000 $93,980,000 $127,289,000
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Ratio of Earnings to Fixed Charges 1.6 1.8 2.2 2.8 3.7 6.7