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Previous: FRESH FOODS INC, 10-K, EX-10.51, 2000-05-30 |
Next: FRESH FOODS INC, 10-K, EX-21, 2000-05-30 |
<PAGE> 1
EXHIBIT 12
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS, EXCEPT FOR RATIOS)
<TABLE>
<CAPTION>
2000 1999 1998 1997 1996
-------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C>
Loss from continuing operations before income tax benefit $(19,060) $ (2,403) $ (5,798) $ (5,698) $ (5,713)
Add Fixed Charges:
Interest expense 14,086 11,712 1,649 1,693 2,036
Amortization of financing costs 900 620 113 175 127
-------- -------- -------- -------- --------
Total income (loss) as defined $ (4,074) $ 9,929 $ (4,036) $ (3,830) $ (3,550)
======== ======== ======== ======== ========
Fixed Charges:
Interest expense $ 14,086 $ 11,712 $ 1,649 $ 1,693 $ 2,036
Capitalized interest -- 203 59 9 --
Amortization of financing costs 900 620 113 175 127
-------- -------- -------- -------- --------
Total fixed charges $ 14,986 $ 12,535 $ 1,821 $ 1,877 $ 2,163
======== ======== ======== ======== ========
Ratio of earnings to fixed charges (0.27) 0.79 (2.22) (2.04) (1.64)
Additional income required to meet a 1.0 ratio: $ 19,060 $ 2,606 $ 5,857 $ 5,707 $ 5,713
</TABLE>
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