LA PETITE ACADEMY INC
10-K, EX-12.1, 2000-09-29
CHILD DAY CARE SERVICES
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<PAGE>   1

                                                                    EXHIBIT 12.1
                             COMPUTATION OF RATIOS


The ratio of earnings to fixed charges for the periods indicated below were as
follows:


<TABLE>
<CAPTION>
                                                           FIFTY-THREE    FIFTY-TWO     FIFTY-TWO     FORTY-FOUR    FIFTY-TWO
                                                           WEEKS ENDED   WEEKS ENDED   WEEKS ENDED   WEEKS ENDED   WEEKS ENDED
                                                           -------------------------------------------------------------------
                                                            AUGUST 31     AUGUST 30     AUGUST 29       JULY 3        JULY 1
                                                              1996           1997          1998          1999          2000
                                                           -------------------------------------------------------------------


<S>                                                        <C>           <C>           <C>           <C>           <C>
Ratio of earnings to fixed charges                            -----          1.09         -----          1.01

Deficiency in the coverage of fixed charges by earnings      $2,034         -----        $8,057         -----        $15,632
</TABLE>

For purposes of calculating the above ratios, earnings are defined as income
before income taxes and extraordinary items, plus fixed charges. Fixed charges
consists of interest expense on all indebtedness, amortization of deferred
financing costs, and one-third of rental expense on operating leases
representing that portion of rental expense deemed by the Company to be
attributable to interest. The ratio of earnings to fixed charges equals earnings
divided by fixed charges.



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