EX-12 2 exhibit_12.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit_12.htm

WALGREEN CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 


 
 
 


 
   
Six Months Ended
    
Fiscal Year Ended
  
   
2/29/2012
    
2/28/2011
    
8/31/2011
  
Income before income taxes
   $ 1,971     $ 2,110     $ 4,294  
Add:
                        
Fixed charges
     614       582       1,212  
Amortization of capitalized interest
     3       -       5  
Less: Capitalized interest
     (5 )     (5 )     (10 )
Earnings as defined
   $ 2,583     $ 2,687     $ 5,501  
                         
Interest expense, net of capitalized interest
   $ 34     $ 38     $ 77  
Capitalized interest
     5       5       10  
Portions of rentals representative of the interest factor
     575       539       1,125  
Fixed charges as defined
   $ 614     $ 582     $ 1,212  
                         
Ratio of earnings to fixed charges
     4.21       4.62       4.54