Walmart (WMT) 10-K/A 2001 FY Annual report (amended)

Exhibit 12

Statement re computation of ratios

	Fiscal Years Ended
	2001		2000		1999		1998		1997
Income before income taxes	10,116		9,083		7,323		5,719		4,877
Capitalized interest	(93	)	(57	)	(41	)	(33	)	(44	)
Minority interest	(129	)	(170	)	(153	)	(78	)	(27	)
Adjusted profit before tax	9,894		8,856		7,129		5,608		4,806
Fixed Charges
Debt interest	1,095		756		529		555		629
Capital lease interest	279		266		268		229		216
Capitalized interest	93		57		41		33		44
Interest component of rent	714		458		523		477		449
Total fixed expense	2,181		1,537		1,361		1,294		1,338
Profit before taxes and fixed expenses	12,075		10,393		8,490		6,902		6,144
Fixed charge coverage	5.54		6.76		6.24		5.33		4.59

* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000