EXHIBIT 12.2
NORDSTROM CREDIT, INC.
EARNINGS TO FIXED CHARGES
($ IN THOUSANDS)
Six Months
Ended
Year Ended January 31, July 31,
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1990 1991 1992 1993 1994 1993 1994
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EARNINGS PER
FINANCIAL STATEMENTS: $ 8,136 $ 10,189 $ 14,823 $ 18,921 $ 20,672 $ 9,906 $ 10,611
Add:
Provision for Income
Taxes.................. 5,100 6,200 9,200 10,400 11,700 5,570 6,000
Fixed Charges........... 33,884 36,816 35,037 33,841 29,600 14,781 13,999
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Earnings for Computation. $ 47,120 $ 53,205 $ 59,060 $ 63,162 $ 61,972 $ 30,257 $ 30,610
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FIXED CHARGES:
Interest Expense on Debt. $ 33,884 $ 36,816 $ 35,037 $ 33,841 $ 29,600 $ 14,781 $ 13,999
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Ratio of Earnings to Fixed
Charges................... 1.39 1.45 1.69 1.87 2.09 2.05 2.19
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