ManpowerGroup Inc. - FORM 10-K - EX-12.1 - FIXED CHARGES RATIO - February 19, 2010

Attached files

file	filename
EX-13 - 2009 ANNUAL REPORT - ManpowerGroup Inc.	ex-13.htm
EX-24 - POWER OF ATTORNEY FOR ANNUAL REPORT ON FORM 10-K - ManpowerGroup Inc.	ex-24.htm
EX-21 - SUBSIDIARIES - ManpowerGroup Inc.	ex-21.htm
EX-32.2 - CERTIFICATION - ManpowerGroup Inc.	ex-32_2.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ManpowerGroup Inc.	ex-23_1.htm
EX-31.2 - CERTIFICATION - ManpowerGroup Inc.	ex-31_2.htm
EX-31.1 - CERTIFICATION - ManpowerGroup Inc.	ex-31_1.htm
EX-32.1 - CERTIFICATION - ManpowerGroup Inc.	ex-32_1.htm
10-K - 2009 FORM 10-K - ManpowerGroup Inc.	form10-k.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION

OF RATIO OF EARNINGS TO FIXED CHARGES

MANPOWER INC.

(in millions)

		2009				2008				2007				2006				2005
Earnings:
Earnings before income taxes from continuing operations		$	(22.9)			$	442.6			$	777.0			$	481.9			$	387.0
Fixed charges			183.9				200.9				185.2				162.8				153.2
		$	161.0			$	643.5			$	962.2			$	644.7			$	540.2

Fixed charges:
Interest (expensed or capitalized)		$	61.7			$	64.2			$	65.0			$	54.1			$	46.7
Estimated interest portion of rent expense			122.2				136.7				120.2				108.7				106.5
		$	183.9			$	200.9			$	185.2			$	162.8			$	153.2

Ratio of earnings to fixed charges			0.9				3.2				5.2				4.0				3.5


Note:	The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.