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Exhibit 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended in December
(Thousands of Dollars)
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2003 2002 2001 2000 1999
---------- ---------- ---------- ---------- ----------
Earnings available for
fixed charges:
Net earnings (loss) $ 157,664 (170,674) 59,732 (144,631) 188,953
Add:
Cumulative effect of
accounting change 17,351 245,732 1,066 - -
Fixed charges 68,467 99,209 126,323 135,302 88,456
Taxes on income 69,049 29,030 35,401 (81,355) 84,892
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Total $ 312,531 203,297 222,522 (90,684) 362,301
========== ========== ========== ========== ==========
Fixed charges:
Interest on long-term
debt $ 44,461 69,480 86,244 74,206 25,068
Other interest charges 6,413 8,019 17,444 40,215 44,272
Amortization of debt
expense 1,588 1,843 3,031 1,724 425
Rental expense representa-
tive of interest factor 16,005 19,867 19,604 19,157 18,691
---------- ---------- ---------- ---------- ----------
Total $ 68,467 99,209 126,323 135,302 88,456
========== ========== ========== ========== ==========
Ratio of earnings to fixed
charges 4.56 2.05 1.76 (0.67) 4.10
========== ========== ========== ========== ==========
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