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EXHIBIT 12
INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(in thousands)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
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Nov. 25, Nov. 30, Nov. 25, Nov. 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Earnings from continuing
operations before income taxes $13,714 $13,630 $34,833 $29,199
Plus: Fixed charges (1) 6,797 5,920 19,712 18,987
Less: Capitalized interest (97) (234) (439) (563)
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Earnings available to cover
fixed charges $20,414 $19,316 $54,106 $47,623
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Ratio of earnings to fixed charges 3.00 3.26 2.74 2.51
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(1) Fixed charges consisted of the following:
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
------------------ --------------------
Nov. 25, Nov. 30, Nov. 25, Nov. 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Interest expense, gross $4,552 $3,737 $13,227 $12,184
Rentals (Interest factor) 2,245 2,183 6,485 6,803
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Total fixed charges $6,797 $5,920 $19,712 $18,987
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