EX-12 3 0003.htm RATIO OF EARNINGS TO FIXED CHARGES RATIO OF EARNINGS TO FIXED CHARGES
 
EXHIBIT 12
 
THE LIMITED, INC. AND SUBSIDIARIES 

RATIO OF EARNINGS TO FIXED CHARGES 

(Thousands except ratio amounts) 

        Thirty-nine Weeks Ended
        October 28,
2000
      October 30,
1999
Adjusted Earnings
 
Pretax earnings     $ 338,754       $ 274,295  
 
Portion of minimum rent ($489,518 in 2000 and
      $524,857 in 1999) representative of interest		        163,173          174,952  
 
Interest on indebtedness        41,505          57,361  
 
Minority interest        33,667          28,566  
    
    
  
                    Total earnings as adjusted     $ 577,099       $ 535,174  
    
    
  
 
Fixed Charges
                     
 
Portion of minimum rent representative of interest     $ 163,173         $ 174,952  
 
Interest on indebtedness        41,505          57,361  
    
    
  
                    Total fixed charges     $ 204,678       $ 232,313  
    
    
  
Ratio of earnings to fixed charges        2.82 x        2.30 x