Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Old COPPER Company, Inc. | form8-kjune92016.htm |
Exhibit 12
J. C. Penney Company, Inc.
Computation of Ratios of Earnings to Fixed Charges
(Unaudited)
13 Weeks | |||
Ended | |||
($ in millions) | 4/30/2016 | ||
Income/(loss) from continuing operations before income taxes | $ | (69 | ) |
Fixed charges: | |||
Net interest expense | 95 | ||
Interest income included in net interest | — | ||
(Gain)/loss on extinguishment of debt, bond premiums and unamortized costs | (4 | ) | |
Estimated interest within rental expense | 22 | ||
Total fixed charges | 113 | ||
Total earnings available for fixed charges | $ | 44 | |
Ratio of earnings to fixed charges | 0.4 | ||
Coverage deficiency | 69 | ||