EX-12 4 exhibit_12.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit_12.htm
Exhibit 12
 
Walgreen Co. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 

   
Three Months Ended November 30,
  
   
2008
    
2007
  
Income before income taxes and minority interest
   $ 654     $ 728  
Add:
                
Minority interest
     -       -  
Fixed charges
     237       204  
Less: Capitalized interest
     (5 )     (7 )
   Earnings as defined
   $ 886     $ 925  
                 
Interest expense, net of capitalized interest
     16     $ 2  
Capitalized interest
     5     $ 7  
Portions of rentals representative of the interest factor
     216       195  
   Fixed charges as defined
   $ 237     $ 204  
                 
Ratio of earnings to fixed charges
     3.74       4.53