1 EXHIBIT 12.2 THE DIAL CORP -- TOTAL ENTERPRISE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (DOLLARS IN THOUSANDS) THREE MONTHS ENDED MARCH 31, YEAR ENDED DECEMBER 31, ------------------- ------------------------------------------------------------ 1994 1993 1993 1992 1991 1990 1989 ------- ------- -------- -------- -------- -------- -------- Earnings available for fixed charges and preferred stock dividends: Pretax income from continuing operations........................ $28,084 $17,277 $171,649 $120,334 $ 72,380 $125,769 $ 73,086 Minority interests.................. (100) (158) 3,618 2,814 3,543 8,357 8,219 Fixed charges, excluding capitalized interest and preferred stock dividends......................... 24,075 22,576 91,620 100,149 101,253 107,774 113,645 ------- ------- -------- -------- -------- -------- -------- $52,059 $39,695 $266,887 $223,297 $177,176 $241,900 $194,950 ======= ======= ======== ======== ======== ======== ======== Fixed charges and preferred stock dividends: Interest expense.................... $12,369 $13,369 $ 49,965 $ 56,049 $ 56,768 $ 63,667 $ 70,182 Interest capitalized................ 83 58 149 320 590 436 964 Estimated portion of rental expense representing interest............. 11,706 9,207 41,656 44,100 44,485 44,107 43,463 Pretax earnings required to cover preferred stock dividends......... 457 435 1,746 1,816 3,156 1,868 1,997 ------- ------- -------- -------- -------- -------- -------- $24,615 $23,069 $ 93,515 $102,285 $104,999 $110,077 $116,606 ======= ======= ======== ======== ======== ======== ======== Ratio of earnings (available for fixed charges and preferred stock dividends) to fixed charges......... 2.12 1.72 2.85 2.18 1.69 2.20 1.67 ======= ======= ======== ======== ======== ======== ========