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Previous: HARRIS CORP /DE/, 10-Q, EX-10.I, 2000-11-07 |
Next: HARRIS CORP /DE/, 10-Q, EX-27, 2000-11-07 |
<PAGE> 1
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
Quarter Ended
-----------------------------
September 29, October 1,
(Continuing operations in millions, except ratios) 2000 1999
------------- --------------
<S> <C> <C>
EARNINGS:
Net Income $(34.8) $ 9.3
Plus: Income taxes 20.9 5.0
Fixed charges 9.9 3.5
Amortization of capitalized interest -- --
Less: Interest capitalized during the period -- --
Undistributed earnings in equity investments (1.7) (4.3)
------ ------
$ (5.7) $ 13.5
====== ======
FIXED CHARGES:
Interest expense $ 8.1 $ 1.7
Plus: Interest capitalized during the period -- --
Portion of rents deemed representative of
the interest factor 1.8 1.8
------ ------
$ 9.9 $ 3.5
====== ======
RATIO OF EARNINGS TO FIXED CHARGES (0.58) 3.86
====== ======
</TABLE>
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