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EXHIBIT 12.01
RED ROOF INNS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
1995 1996 1997
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Income before income taxes and extraordinary item $ 30,838 $ 39,676 $ 42,723
Fixed charges, excluding capitalized interest 55,016 45,984 50,288
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Earnings before fixed charges $ 85,854 $ 85,660 $ 93,011
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Fixed charges:
Rent expense $ 11,269 $ 12,622 $ 12,248
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Portions of rent representative of an interest factor (1/3) $ 3,756 $ 4,207 $ 4,083
Interest expense 51,260 41,777 46,205
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Fixed charges, excluding capitalized interest 55,016 45,984 50,288
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Capitalized interest 1,547 2,841 2,846
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Total fixed charges $ 56,563 $ 48,825 $ 53,134
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Ratio of earnings to fixed charges 1.5 x 1.8 x 1.8 x
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