Exhibit 99.1
Earnings to Fixed Charges
The ratio of earnings to fixed charges for the nine months ended July 31, 2005 and
July 30, 2006 and for each of the last five fiscal years, was as follows:
| Nine Months Ended | |||||||||||||||||||||||||
| Fiscal Year | July 31, | July 30, | |||||||||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | |||||||||||||||||||
11.80 |
x | 4.58 | x | (a) | 23.32 | x | 24.66 | 24.53 | x | 33.97 | x | ||||||||||||||
| (a) | Due to Applied’s loss in fiscal 2003, the ratio of coverage was less than 1:1. Applied would have needed to generate additional earnings of $209 million to achieve the coverage ratio of 1:1. |