EXHIBIT 12
 
             
ALICO, INC.
 
             
Computation of Ratios:
       
             
             
 
2004
Current Assets
 
125,925
 
   
Current Liabilities
 
10,136
 
             
   
125,925 divided by 10,136 =
12.42:1
 
             
 
2003
Current Assets
 
90,204
 
   
Current Liabilities
 
10,124
 
             
   
90,204 divided by 10,124 =
8.90:1