##### 





Exhibit 12.1


CLARCOR Inc.


Statement Re Computation of Ratios


(Dollars in Thousands except Per Share Data)


|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |  
|---------------------------------------- | ----------------------------------------- | ----------------------------------------------- | - | ------- | ------- | - | - | ------- | ------- | - | ---- | ------- | ------- | ---- | - | ------- | ------- | - | - | ------- | ------- | - | ---- | ------- | ------- | ---- | - | ------- | ------- | - | - | ------- | ------- | - | - | ------- | ------- | - | - | ------- | ------- | - | - | ------- | ------- | -
|                                         |                                           | Fiscal Years Ended (A)                          |  
|                                         |                                           |                                                 |  
|                                         |                                           | 2005                                            |   |         | 2004    |   |   | 2003    |         |   | 2002 |         |         | 2001 |   |         | 2000    |   |   | 1999    |         |   | 1998 |         |         | 1997 |   |         | 1996    |   |   | 1995    |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Return on Beginning Assets               |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Net Earnings                              |                                                 | $ | 76,393  |         |   | $ | 63,997  |         |   | $    | 54,552  |         |      | $ | 46,601  |         |   | $ | 41,893  |         |   | $    | 40,237  |         |      | $ | 35,412  |         |   | $ | 32,079  |         |   | $ | 26,918  |         |   | $ | 25,945  |         |   | $ | 23,500  |        
|                                         | Divided by Beginning Assets               |                                                 |   | 627,797 |         |   |   | 538,237 |         |   |      | 546,119 |         |      |   | 530,617 |         |   |   | 501,930 |         |   |      | 472,991 |         |      |   | 305,766 |         |   |   | 282,519 |         |   |   | 267,019 |         |   |   | 245,697 |         |   |   | 206,928 |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Return on Beginning Assets               |   |         | 12.2    | % |   |         | 11.9    | % |      |         | 10.0    | %    |   |         | 8.8     | % |   |         | 8.3     | % |      |         | 8.5     | %    |   |         | 11.6    | % |   |         | 11.4    | % |   |         | 10.1    | % |   |         | 10.6    | % |   |         | 11.4    | %
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Return on Beginning Shareholders Equity |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Net Earnings                              |                                                 | $ | 76,393  |         |   | $ | 63,997  |         |   | $    | 54,552  |         |      | $ | 46,601  |         |   | $ | 41,893  |         |   | $    | 40,237  |         |      | $ | 35,412  |         |   | $ | 32,079  |         |   | $ | 26,918  |         |   | $ | 25,945  |         |   | $ | 23,500  |        
|                                         | Divided by Beginning Shareholders Equity |                                                 |   | 428,462 |         |   |   | 370,392 |         |   |      | 315,461 |         |      |   | 274,261 |         |   |   | 242,093 |         |   |      | 210,718 |         |      |   | 186,807 |         |   |   | 171,162 |         |   |   | 154,681 |         |   |   | 138,144 |         |   |   | 122,801 |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Return on Beginning Shareholders Equity |   |         | 17.8    | % |   |         | 17.3    | % |      |         | 17.3    | %    |   |         | 17.0    | % |   |         | 17.3    | % |      |         | 19.1    | %    |   |         | 19.0    | % |   |         | 18.7    | % |   |         | 17.4    | % |   |         | 18.8    | % |   |         | 19.1    | %
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Dividend Payout to Net Earnings          |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Dividends Paid                            |                                                 | $ | 13,385  |         |   | $ | 12,834  |         |   | $    | 12,406  |         |      | $ | 11,975  |         |   | $ | 11,575  |         |   | $    | 11,207  |         |      | $ | 10,814  |         |   | $ | 10,717  |         |   | $ | 10,290  |         |   | $ | 9,512   |         |   | $ | 9,330   |        
|                                         | Divided by Net Earnings                   |                                                 |   | 76,393  |         |   |   | 63,997  |         |   |      | 54,552  |         |      |   | 46,601  |         |   |   | 41,893  |         |   |      | 40,237  |         |      |   | 35,412  |         |   |   | 32,079  |         |   |   | 26,918  |         |   |   | 25,945  |         |   |   | 23,500  |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Dividend Payout to Net Earnings          |   |         | 17.5    | % |   |         | 20.1    | % |      |         | 22.7    | %    |   |         | 25.7    | % |   |         | 27.6    | % |      |         | 27.9    | %    |   |         | 30.5    | % |   |         | 33.4    | % |   |         | 38.2    | % |   |         | 36.7    | % |   |         | 39.7    | %
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Debt to Capitalization                   |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Current Debt                              |                                                 | $ | 233     |         |   | $ | 420     |         |   | $    | 674     |         |      | $ | 68,456  |         |   | $ | 5,579   |         |   | $    | 5,482   |         |      | $ | 5,440   |         |   | $ | 470     |         |   | $ | 1,140   |         |   | $ | 7,625   |         |   | $ | 7,596   |        
|                                         | Long Term Debt                            |                                                 |   | 16,009  |         |   |   | 24,130  |         |   |      | 16,913  |         |      |   | 22,648  |         |   |   | 135,203 |         |   |      | 141,486 |         |      |   | 145,981 |         |   |   | 36,419  |         |   |   | 37,656  |         |   |   | 43,449  |         |   |   | 41,860  |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Total Debt                                      |   | $       | 16,242  |   |   | $       | 24,550  |   |      | $       | 17,587  |      |   | $       | 91,104  |   |   | $       | 140,782 |   |      | $       | 146,968 |      |   | $       | 151,421 |   |   | $       | 36,889  |   |   | $       | 38,796  |   |   | $       | 51,074  |   |   | $       | 49,456  |  
|                                         | Ending Shareholders Equity               |                                                 |   | 482,833 |         |   |   | 428,462 |         |   |      | 370,392 |         |      |   | 315,461 |         |   |   | 274,261 |         |   |      | 242,093 |         |      |   | 210,718 |         |   |   | 186,807 |         |   |   | 171,162 |         |   |   | 154,681 |         |   |   | 138,144 |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Capitalization                           |   | $       | 499,075 |   |   | $       | 453,012 |   |      | $       | 387,979 |      |   | $       | 406,565 |   |   | $       | 415,043 |   |      | $       | 389,061 |      |   | $       | 362,139 |   |   | $       | 223,696 |   |   | $       | 209,958 |   |   | $       | 205,755 |   |   | $       | 187,600 |  
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         | Debt                                      |                                                 | $ | 16,242  |         |   | $ | 24,550  |         |   | $    | 17,587  |         |      | $ | 91,104  |         |   | $ | 140,782 |         |   | $    | 146,968 |         |      | $ | 151,421 |         |   | $ | 36,889  |         |   | $ | 38,796  |         |   | $ | 51,074  |         |   | $ | 49,456  |        
|                                         | Divided by Capitalization                 |                                                 |   | 499,075 |         |   |   | 453,012 |         |   |      | 387,979 |         |      |   | 406,565 |         |   |   | 415,043 |         |   |      | 389,061 |         |      |   | 362,139 |         |   |   | 223,696 |         |   |   | 209,958 |         |   |   | 205,755 |         |   |   | 187,600 |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Debt to Capitalization                   |   |         | 3.3     | % |   |         | 5.4     | % |      |         | 4.5     | %    |   |         | 22.4    | % |   |         | 33.9    | % |      |         | 37.8    | %    |   |         | 41.8    | % |   |         | 16.5    | % |   |         | 18.5    | % |   |         | 24.8    | % |   |         | 26.4    | %
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Working Capital                          |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Current Assets                            |                                                 | $ | 324,933 |         |   | $ | 303,990 |         |   | $    | 257,402 |         |      | $ | 259,746 |         |   | $ | 244,350 |         |   | $    | 230,479 |         |      | $ | 227,670 |         |   | $ | 168,173 |         |   | $ | 160,527 |         |   | $ | 140,726 |         |   | $ | 133,286 |        
|                                         | Less Current Liabilities                  |                                                 |   | 121,470 |         |   |   | 126,272 |         |   |      | 111,373 |         |      |   | 174,255 |         |   |   | 94,931  |         |   |      | 97,826  |         |      |   | 97,475  |         |   |   | 61,183  |         |   |   | 54,237  |         |   |   | 51,297  |         |   |   | 49,841  |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Working Capital                          |   | $       | 203,463 |   |   | $       | 177,718 |   |      | $       | 146,029 |      |   | $       | 85,491  |   |   | $       | 149,419 |   |      | $       | 132,653 |      |   | $       | 130,195 |   |   | $       | 106,990 |   |   | $       | 106,290 |   |   | $       | 89,429  |   |   | $       | 83,445  |  
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|Current Ratio                            |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |   |         |         |   |   |         |         |   |   |        
|                                         | Current Assets                            |                                                 | $ | 324,933 |         |   | $ | 303,990 |         |   | $    | 257,402 |         |      | $ | 259,746 |         |   | $ | 244,350 |         |   | $    | 230,479 |         |      | $ | 227,670 |         |   | $ | 168,173 |         |   | $ | 160,527 |         |   | $ | 140,726 |         |   | $ | 133,286 |        
|                                         | Divided by Current Liabilities            |                                                 |   | 121,470 |         |   |   | 126,272 |         |   |      | 111,373 |         |      |   | 174,255 |         |   |   | 94,931  |         |   |      | 97,826  |         |      |   | 97,475  |         |   |   | 61,183  |         |   |   | 54,237  |         |   |   | 51,297  |         |   |   | 49,841  |        
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        
|                                         |                                           | Equals Current Ratio                            |   |         | 2.7     |   |   |         | 2.4     |   |      |         | 2.3     |      |   |         | 1.5     |   |   |         | 2.6     |   |      |         | 2.4     |      |   |         | 2.3     |   |   |         | 2.7     |   |   |         | 3.0     |   |   |         | 2.7     |   |   |         | 2.7     |  
|                                         |                                           |                                                 |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |         |   |      |         |         |      |   |         |         |   |   |         |        






|    |                                                                                                                                            
|--- | -------------------------------------------------------------------------------------------------------------------------------------------
|(A) | Calculation of Certain Items Presented in the
    11-Year Financial
    Review Filed with
    Form 10-K for
    Fiscal Year Ended 12/3/05