

<PAGE>

                                                                    EXHIBIT 12.1

           TRIARC CONSUMER PRODUCTS GROUP, LLC AND RELATED COMPANIES
          UNAUDITED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

<TABLE>
<CAPTION>
                                                                                               PRO
                                                        HISTORICAL                           FORMA(a)
                                 --------------------------------------------------------   ----------
                                    YEAR ENDED DECEMBER 31,       YEAR ENDED    YEAR ENDED JANUARY 3,
                                 -----------------------------   DECEMBER 28,   ----------------------
                                  1994       1995       1996         1997         1999         1999
                                  ----       ----       ----         ----         ----         ----
                                                     (IN THOUSANDS EXCEPT RATIOS)
<S>                              <C>       <C>        <C>        <C>            <C>         <C>
Income (loss) before income
  taxes and extraordinary
  charges......................  $(3,773)  $(45,606)  $(74,996)    $(24,128)    $ 55,271     $ 37,394
                                 -------   --------   --------     --------     --------     --------
Fixed charges:
     Interest expense..........   34,433     42,386     50,031       58,019       60,235       78,935
     Interest portion of rent
       expense(b)..............    4,538      6,884      8,094        5,052        2,488        2,594
                                 -------   --------   --------     --------     --------     --------
                                  38,971     49,270     58,125       63,071       62,723       81,529
                                 -------   --------   --------     --------     --------     --------
Adjusted earnings (loss) before
  income taxes and
  extraordinary charges........  $35,198   $  3,664   $(16,871)    $ 38,943     $117,994     $118,923
                                 -------   --------   --------     --------     --------     --------
                                 -------   --------   --------     --------     --------     --------
Amount by which earnings were
  insufficient to cover fixed
  charges......................  $ 3,773   $ 45,606   $ 74,996     $ 24,128
                                 -------   --------   --------     --------
                                 -------   --------   --------     --------

Ratio of earnings to fixed
  charges......................                                                     1.9x         1.5x
                                                                                --------     --------
                                                                                --------     --------
</TABLE>


<TABLE>
<CAPTION>
                                                                                                             PRO
                                                                           HISTORICAL                     FORMA(a)
                                                           -------------------------------------------    ---------
                                                                              NINE MONTHS ENDED
                                                           --------------------------------------------------------
                                                                                                    OCTOBER 3,
                                                                    SEPTEMBER 27,              --------------------
                                                                         1998                   1999        1999
                                                                         ----                   ----        ----
                                                                         (IN THOUSANDS EXCEPT RATIOS)
<S>                                                        <C>                                 <C>        <C>
Income before income taxes and extraordinary charges.....              $38,963                 $35,718     $31,509
                                                                       -------                 -------     -------
Fixed charges:
     Interest expense....................................               44,658                  56,931      59,933
     Interest portion of rent expense(b).................                1,922                   1,702       1,747
                                                                       -------                 -------     -------
                                                                        46,580                  58,633      61,680
                                                                       -------                 -------     -------
Adjusted earnings before income taxes and extraordinary
  charges................................................              $85,543                 $94,351     $93,189
                                                                       -------                 -------     -------
                                                                       -------                 -------     -------

Ratio of earnings to fixed charges.......................                 1.8x                    1.6x        1.5x
                                                                       -------                 -------     -------
                                                                       -------                 -------     -------
</TABLE>


------------


 (a) The pro forma information has been determined by adjusting the results of
     operations of the Company for the year ended January 3, 1999 and the nine
     months ended October 3, 1999 to give effect to the offering, the new credit
     facility and the related use of proceeds, including the acquisition of
     Millrose. Such pro forma information is derived from the pro forma
     condensed consolidated statements of operations contained elsewhere herein
     and should be read in conjunction therewith and with the notes thereto.


 (b) Represents one-third of rental expense deemed for this purpose to represent
     the interest component of rental payments.





