EXHIBIT 12
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THE LIMITED, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands except ratio amounts)
Twenty-six Weeks Ended
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August 2, August 3,
1997 1996
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Adjusted Earnings
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Income before income taxes $97,447 $111,302
Portion of minimum rent ($373,745 in 1997 and $360,223 in 1996)
representative of interest 124,582 120,074
Interest on indebtedness 32,819 35,281
Minority Interest 16,279 12,449
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Total earnings as adjusted $271,127 $279,106
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Fixed Charges
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Portion of minimum rent representative of interest $124,582 $120,074
Interest on indebtedness 32,819 35,281
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Total fixed charges $157,401 $155,355
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Ratio of earnings to fixed charges 1.72x 1.80x
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