EXHIBIT 12.1
Ratio Support
Ratio Of Earnings To Fixed Charges
River Holding Corp. Hudson Respiratory Care Inc.
------------------------------ -----------------------------------------------
Inception
to Dec 25,
1998 1999 2000 1996 1997 1998 1999 2000
---------- -------- -------- -------- -------- -------- -------- --------
Earnings:
Pre-tax income (1,574) (7,082) (13,334) 7,154 11,443 (61,676) 358 (5,994)
Fixed Charges
Interest expense 10,273 17,263 21,089 2,177 1,834 11,327 17,263 21,089
Amortization of debt expense 635 -- -- 59 62 -- -- --
Interest factor of rent expense 370 684 1,028 365 374 497 677 1,038
---------- -------- -------- -------- -------- -------- -------- --------
Total fixed charges 11,278 17,947 22,117 2,601 2,270 11,824 17,940 22,127
---------- -------- -------- -------- -------- -------- -------- --------
Total earnings before fixed charges 9,704 10,865 8,783 9,755 13,713 (49,852) 18,298 16,133
---------- -------- -------- -------- -------- -------- -------- --------
Ratio of earnings to fixed charges -- -- -- 3.8 6.0 -- 1.0 --
Deficiency of earnings to cover fixed
charges (1,574) (7,082) (13,334) -- -- (61,676) -- (5,994)
Ratio of Earnings to Fixed Charges and Preferred Dividends
River Holding Corp. Hudson Respiratory Care Inc.
------------------------------ -----------------------------------------------
Inception
to Dec 25,
1998 1999 2000 1996 1997 1998 1999 2000
---------- -------- -------- -------- -------- -------- -------- --------
Earnings:
Pre-tax income (1,574) (7,082) (13,334) 7,154 11,443 (61,676) 358 (5,994)
Fixed Charges
Interest expense 10,273 17,263 21,089 2,177 1,834 11,327 17,263 21,089
Amortization of debt expense 635 -- -- 59 62 -- -- --
Interest factor of rent expense 370 684 1,028 365 377 502 684 1,028
Preferred stock dividend expense 4,187 6,515 7,733 -- -- 4,187 6,518 7,733
---------- -------- -------- -------- -------- -------- -------- --------
Total fixed charges 15,465 24,462 29,850 2,601 2,273 16,016 24,465 29,850
---------- -------- -------- -------- -------- -------- -------- --------
Total earnings before fixed charges 13,891 17,380 16,516 9,759 13,716 (45,660) 24,823 23,856
---------- -------- -------- -------- -------- -------- -------- --------
Ratio of earnings to fixed charges -- -- -- 3.8 6.0 -- -- --
Deficiency of earnings to cover fixed
charges (5,761) (13,597) (21,067) -- -- (65,863) (6,160) (13,727)
Computation of Interest Factor of Rental
River Holding Corp. Hudson Respiratory Care Inc.
------------------------------ ------------------------------------------
Inception
to Dec 25,
1998 1999 2000 1996 1997 1998 1999 2000
---------- ------ ------ ----- ----- ----- ------ -------
Operating rental expense 1,110 2,052 3,115 1,106 1,132 1,506 2,052 3,115
Interest factor 33% 33% 33% 33% 33% 33% 33% 33%
---------- ------ ------ ----- ----- ----- ------ -------
Total 366 677 1,028 365 374 497 677 1,028
---------- ------ ------ ----- ----- ----- ------ -------
Computation of Preferred Stock Expense
River Holding Corp. Hudson Respiratory Care Inc.
------------------------------ ------------------------------------------
Inception
to Dec 25,
1998 1999 2000 1996 1997 1998 1999 2000
---------- ------ ------ ------ ------ ----- ------ ------
Preferred dividend stock expense 2,512 3,911 4,640 -- -- 2,512 3,911 4,640
Tax effect (1.00 - 0.40) 60% 60% 60% 60% 60% 60% 60% 60%
---------- ------ ------ ----- ----- ----- ------ -------
Total 4,187 6,518 7,733 -- -- 4,187 6,518 7,733
---------- ------ ------ ----- ----- ----- ------ -------