Exhibit 12.1
 TOPS HOLDING COPRORATION
RATIO OF EARNINGS TO FIXED CHARGES
  Tops Holding Corporation
    
    
    
    Tops Markets, LLCFiscal
    
    
    
    Fiscal2007
    
    
    
    2007Fiscal
    
    
    Fiscal
    
    
    Fiscal
    
    
    Successor
    
    
    
    Predecessor
    
    
    Fiscal2010
    
    
    2009
    
    
    2008
    
    
    Period
    
    
    
    Period
    
    
    2006(52 weeks) (1)
    
    
    (53 weeks)
    
    
    (52 weeks)
    
    
    (4 weeks)
    
    
    
    (48 weeks) (2)
    
    
    (52 weeks) (2)Earnings:Pre-tax (loss) income
    
    $
    (35,958
    )
    
    $
    (20,308
    )
    
    $
    (17,160
    )
    
    $
    1,979
    
    
    
    $
    (54,777
    )
    
    $
    (25,769
    )Plus:Fixed charges
    
    
    69,393
    
    
    
    50,838
    
    
    
    48,285
    
    
    
    3,202
    
    
    
    
    50,781
    
    
    
    38,272Amortization of capitalized interest
    
    
    269
    
    
    
    269
    
    
    
    175
    
    
    
    13
    
    
    
    
    29
    
    
    
    32Less:Interest capitalized
    
    
    
    
    
    
    
    
    
    
    507
    
    
    
    
    
    
    
    
    
    
    
    
    Total available earnings
    
    $
    33,704
    
    
    $
    30,799
    
    
    $
    30,793
    
    
    $
    5,194
    
    
    
    $
    (3,967
    )
    
    $
    12,535Fixed charges:Interest expensed
    
    $
    58,316
    
    
    $
    42,970
    
    
    $
    40,503
    
    
    $
    2,763
    
    
    
    $
    46,883
    
    
    $
    34,510Interest capitalized
    
    
    
    
    
    
    
    
    
    
    507
    
    
    
    
    
    
    
    
    
    
    
    
    Amortization of discounts/ capitalized costs
    
    
    2,728
    
    
    
    1,466
    
    
    
    1,401
    
    
    
    76
    
    
    
    
    4
    
    
    
    Interest in rental expenses
    
    
    8,349
    
    
    
    6,402
    
    
    
    5,874
    
    
    
    363
    
    
    
    
    3,894
    
    
    
    3,762Total fixed charges:
    
    $
    69,393
    
    
    $
    50,838
    
    
    $
    48,285
    
    
    $
    3,202
    
    
    
    $
    50,781
    
    
    $
    38,272Deficiency
    
    $
    (35,689
    )
    
    $
    (20,039
    )
    
    $
    (17,492
    )
    
    
    
    
    
    
    $
    (54,748
    )
    
    $
    (25,737
    )Ratio of earnings to fixed charges
    
    
    (A)
    
    
    
    (B)
    
    
    
    (C)
    
    
    
    1.62
    
    
    
    
    (D)
    
    
    
    (E)
 
 (A)
    
    Due to the Companys loss in Fiscal 2010, the ratio coverage was less than 1:1. The Company
must generate additional earnings of $35,689 to achieve a coverage ratio of 1:1.(B)
    
    Due to the Companys loss in Fiscal 2009, the ratio coverage was less than 1:1. The Company
must generate additional earnings of $20,039 to achieve a coverage ratio of 1:1.(C)
    
    Due to the Companys loss in Fiscal 2008, the ratio coverage was less than 1:1. The Company
must generate additional earnings of $17,492 to achieve a coverage ratio of 1:1.(D)
    
    Due to the Companys loss in the Fiscal 2007 Predecessor Period, the ratio coverage was less
than 1:1. The Company must generate additional earnings of $54,748 to achieve a coverage
ratio of 1:1.(E)
    
    Due to the Companys loss in Fiscal 2006, the ratio coverage was less than 1:1. The Company
must generate additional earnings of $25,737 to achieve a coverage ratio of 1:1.(1)
    
    Fiscal 2010 includes the operating results of the acquired Penn Traffic supermarkets
following the January 29, 2010 Acquisition.(2)
    
    The operating results during these periods represent those of Tops Markets, LLC under the
ownership of Koninklijke Ahold N.V.