Vanstar Corp, et al. – IPO: ‘POS AM’ on 8/29/97 – EX-12.1

As of:  Friday, 8/29/97   ·   Accession #:  912057-97-29505   ·   File #s:  333-16307, -01

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Initial Public Offering (IPO):  Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: POS AM      Post-Effective Amendment                              65    367K 
 2: EX-12.1     Statement re: Computation of Ratios                    1      6K 
 3: EX-23.2     Consent of Experts or Counsel                          1      5K 

EX-12.1   —   Statement re: Computation of Ratios

EX-12.1
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                                                              EXHIBIT 12.1

VANSTAR CORPORATION     

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES         

                                                        [Enlarge/Download Table]
                                             FISCAL YEAR    SEVEN MONTHS       FISCAL YEAR ENDED     
                                                ENDED          ENDED               APRIL 30,         
                                             SEPTEMBER 30,    APRIL 30,   ---------------------------
                                                 1993           1994       1995      1996       1997 
                                             -------------  ------------  -------   -------   -------
                                                                                                     
Earnings:                                                                                            
   Income from continuing operations before                                                          
     provisions for income taxes............   $(25,492)      $(11,615)   $ 2,149   $12,782   $54,903
   Add:                                                                                              
      Interest expense......................     23,045         12,789     32,555    35,804    17,061
      Portion of rents representative                                                                
        of the interest factor..............      5,067          2,900      4,733     4,600     6,467
                                               --------       --------    -------   -------   -------
         Earnings...........................   $  2,620       $  4,074    $39,437   $53,186   $78,431
                                               --------       --------    -------   -------   -------
                                               --------       --------    -------   -------   -------

Fixed charges:                                                                                       
   Interest expense.........................   $ 23,045       $ 12,789    $32,555   $35,804   $17,061
   Portion of rents representative                                                                   
     of the interest factor.................      5,067          2,900      4,733     4,600     6,467
                                               --------       --------    -------   -------   -------
      Total fixed charges...................   $ 28,112       $ 15,689    $37,288   $40,404   $23,528
                                               --------       --------    -------   -------   -------
                                               --------       --------    -------   -------   -------

Ratio of earnings to fixed charges..........       0.09           0.26       1.06      1.32      3.33
                                               --------       --------    -------   -------   -------
                                               --------       --------    -------   -------   -------

Excess (deficiency) of earnings over                                                                 
  fixed charges.............................   $(25,492)      $(11,615)   $ 2,149   $12,782   $54,903
                                               --------       --------    -------   -------   -------
                                               --------       --------    -------   -------   -------