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The formula for times interest earned is ((interest expense + income tax expense + net income) / interest expense) = ebit / interest expense. If
The formula for times interest earned is ((interest expense + income tax expense + net income) / interest expense) = ebit / interest expense.
If a statement only lists consolidated net income, consolidated income attributable to noncontrolling interests, and consolidated net income attributable to the company whose statement it is (such as Walmart), what is the net income used in calculating times interest earned?
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