EXHIBIT 12
THE LIMITED, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands except ratio amounts)
| |
|
Thirty-nine Weeks Ended
|
| |
|
October 28,
2000
| |
October 30,
1999
|
Adjusted Earnings
|
|
|
| Pretax earnings |
|
|
$ 338,754 |
|
|
|
$ 274,295 |
|
|
|
Portion of minimum rent ($489,518 in 2000 and
$524,857 in 1999) representative of interest |
|
|
163,173 |
|
|
|
174,952 |
|
|
|
| Interest on indebtedness |
|
|
41,505 |
|
|
|
57,361 |
|
|
|
| Minority interest |
|
|
33,667 |
|
|
|
28,566 |
|
| |
|
|
|
|
|
|
| Total earnings as adjusted
|
|
|
$ 577,099 |
|
|
|
$ 535,174 |
|
| |
|
|
|
|
|
|
|
|
Fixed Charges
|
|
|
|
|
|
|
|
|
|
|
| Portion of minimum rent representative of interest |
|
|
$ 163,173 |
|
|
|
$ 174,952 |
|
|
|
| Interest on indebtedness |
|
|
41,505 |
|
|
|
57,361 |
|
| |
|
|
|
|
|
|
| Total fixed charges |
|
|
$ 204,678 |
|
|
|
$ 232,313 |
|
| |
|
|
|
|
|
|
| Ratio of earnings to fixed charges |
|
|
2.82 |
x |
|
|
2.30 |
x |
| |
|
|
|
|
|
|
