EXHIBIT 12
THE LIMITED, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands except ratio amounts)
| |
|
Twenty-six weeks
Ended
|
| |
|
July 29,
2000
|
|
July 31,
1999
|
| Adjusted Earnings |
|
|
|
|
| Pretax earnings |
|
$251,523 |
|
$185,933 |
Portion of minimum rent ($340,773 in 2000 and
$355,113 in 1999) representative of interest |
|
113,591 |
|
118,371 |
| Interest on indebtedness |
|
26,679 |
|
36,949 |
| Minority interest |
|
26,756 |
|
22,489 |
| |
|
|
|
|
| Total earnings as adjusted |
|
$418,549 |
|
$363,742 |
| |
|
|
|
|
| Fixed Charges |
|
|
|
|
| Portion of minimum rent representative of interest |
|
$113,591 |
|
$118,371 |
| Interest on indebtedness |
|
26,679 |
|
36,949 |
| |
|
|
|
|
| Total fixed charges |
|
$140,270 |
|
$155,320 |
| |
|
|
|
|
| Ratio of earnings to fixed charges |
|
2.98x |
|
2.34x |
| |
|
|
|
|
