EX-12 5 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
 


   
8/31/2010
    
8/31/2009
    
8/31/2008
  
Income before income taxes and minority interest
   $ 3,373     $ 3,164     $ 3,430  
Add:
     -                  
Minority interest
     -       -       -  
Fixed charges
     1,100       996       842  
Less: Capitalized interest
     (12 )     (16 )     (19 )
Earnings as defined
   $ 4,461     $ 4,144     $ 4,253  
                         
Interest expense, net of capitalized interest
   $ 90     $ 91     $ 18  
Capitalized interest
     12       16       19  
Portions of rentals representative of the interest factor
     998       889       805  
Fixed charges as defined
   $  1,100     $ 996     $ 842  
                         
Ratio of earnings to fixed charges
     4.1       4.16       5.05