EXHIBIT 12
THE LIMITED, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands except ratio amounts)
Twenty-six Weeks Ended
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July 30, July 31,
1994 1993
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ADJUSTED EARNINGS
Income before income taxes $168,108 $183,457
Portion of minimum rent ($303,864 in 1994
and $286,364 in 1993) representative
of interest 101,288 95,455
Interest on indebtedness 29,420 31,337
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Total Earnings as Adjusted $298,816 $310,249
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FIXED CHARGES
Portion of minimum rent representative
of interest $101,288 $ 95,455
Interest on indebtedness 29,420 31,337
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Total Fixed Charges $130,708 $126,792
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Ratio of Earnings to Fixed Charges 2.29x 2.45x
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