EXHIBIT 12.1
Exhibit 12.1- Ratio of Earnings to Fixed Charges Exhibit
| Six Months Ended | Fiscal Year Ended | |||||||||||||||||||||||
| October 26, | April 27, | April 29, | April 30, | April 24, | April 25, | |||||||||||||||||||
| 2012 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Earnings before fixed charges: |
||||||||||||||||||||||||
| Net Income |
$ | 173.4 | $ | 605.4 | $ | 673.1 | $ | 400.4 | $ | 64.6 | $ | 309.8 | ||||||||||||
| Income tax provision (benefit) |
28.5 | 107.0 | 121.0 | 46.6 | (56.3 | ) | 73.0 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Income before Income taxes |
$ | 201.9 | $ | 712.4 | $ | 794.1 | $ | 447.0 | $ | 8.3 | $ | 382.7 | ||||||||||||
| Fixed Charges computed below |
50.7 | 105.2 | 99.8 | 93.3 | 83.2 | 23.0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Earnings before fixed charges |
$ | 252.6 | $ | 817.6 | $ | 893.9 | $ | 540.3 | $ | 91.5 | $ | 405.7 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of Earnings to Fixed Charges |
5.0 | 7.8 | 9.0 | 5.8 | 1.1 | 17.7 | ||||||||||||||||||
| Interest Expense |
$ | 39.7 | 74.7 | 75.9 | $ | 74.1 | $ | 63.4 | $ | 8.0 | ||||||||||||||
| Interest portion of rent expense (a) |
11.0 | 30.5 | 23.9 | 19.2 | 19.8 | 15.0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total Fixed Charges |
50.7 | 105.2 | 99.8 | 93.3 | 83.2 | 23.0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| (a) | represents the portion of expense estimated by management as implicit interest expense |