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EXHIBIT 12
INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
(in thousands)
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
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Aug. 26, Aug. 31, Aug. 26, Aug. 31,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Earnings from continuing
operations before income taxes $13,458 $ 8,210 $21,119 $15,569
Plus: Fixed charges (1) 6,554 6,062 12,915 13,067
Less: Capitalized interest (111) (205) (342) (329)
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Earnings available to cover
fixed charges $19,901 $14,067 $33,692 $28,307
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Ratio of earnings to fixed charges 3.04 2.32 2.61 2.17
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(1) Fixed charges consisted of the following:
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
------------------- -------------------
Aug. 26, Aug. 31, Aug. 26, Aug. 31,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Interest expense, gross $4,468 $3,852 $ 8,675 $ 8,447
Rentals (Interest factor) 2,086 2,210 4,240 4,620
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Total fixed charges $6,554 $6,062 $12,915 $13,067
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</TABLE>
