Exhibit
12
General
Electric Capital Corporation and consolidated affiliates
Computation
of Ratio of Earnings to Fixed Charges
Three
months ended March 31, 2008
(Unaudited)
|
Ratio
of
earnings
to
fixed
charges
|
|||||
|
(Dollars
in millions)
|
|||||
|
Earnings(a)
|
$
|
2,597
|
|||
|
Plus
|
|||||
|
Interest included in
expense(b)
|
6,164
|
||||
|
One-third of rental
expense(c)
|
88
|
||||
|
Adjusted
“earnings”
|
$
|
8,849
|
|||
|
Fixed
charges
|
|||||
|
Interest included in
expense(b)
|
$
|
6,164
|
|||
|
Interest
capitalized
|
18
|
||||
|
One-third of rental
expense(c)
|
88
|
||||
|
Total
fixed charges
|
$
|
6,270
|
|||
|
Ratio
of earnings to fixed charges
|
1.41
|
||||
|
(a)
|
Earnings
before income taxes, minority interest and discontinued
operations.
|
|
(b)
|
Included
interest on tax deficiencies.
|
|
(c)
|
Considered
to be representative of interest factor in rental
expense.
|