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Previous: LIMITED INC, 10-Q, 2000-06-09 |
Next: LIMITED INC, 10-Q, EX-15, 2000-06-09 |
EXHIBIT 12
THE LIMITED, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands except ratio amounts)
| Thirteen Weeks Ended
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|---|---|---|---|---|---|---|---|---|
| April 29,
2000 |
May 1,
1999 |
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| Adjusted Earnings | ||||||||
| Income before income taxes | $ | 111,950 | $ | 80,451 | ||||
| Portion of minimum rent ($182,423 in 2000 and $182,178 in 1999) representative of interest | ||||||||
| 60,808 | 60,726 | |||||||
| Interest on indebtedness | 14,008 | 16,790 | ||||||
| Minority interest | 10,861 | 8,420 | ||||||
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| Total earnings as adjusted | $ | 197,627 | $ | 166,387 | ||||
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| Fixed Charges | ||||||||
| Portion of minimum rent representative of interest | ||||||||
| $ | 60,808 | $ | 60,726 | |||||
| Interest on indebtedness | 14,008 | 16,790 | ||||||
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| Total fixed charges | $ | 74,816 | $ | 77,516 | ||||
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| Ratio of earnings to fixed charges | 2.64 | x | 2.15 | x | ||||
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