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Previous: RESOURCE AMERICA INC, 10-K, EX-10.14, 2000-12-28 |
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<PAGE>
EXHIBIT 12
COMPUTATION OF RATIOS
(in thousands)
2000
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Income from continuing operations before income taxes 5,700
Fixed charges 18,632
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Total 24,332
Earnings to fixed charges(1) 1.31
(1) Calculated by dividing income from continuing operations before income
taxes, extraordinary gains and cumulative effect of a change in accounting
principle plus fixed charges by fixed charges. Fixed charges represent total
interest expense, including amortization of debt expense and discount relating
to indebtedness.
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