QUESTION 21 The Degree of Operating Leverage Formula is only useful beyond the break even point of production True False QUESTION 22 The Degree of Financial Leverage formula computes leverage on operating income. True False QUESTION 23 A limitation of the Degree of Operating Leverage formula is that we assume revenues and costs remain constant as volume changes. TUR Faite QUESTION 24 A limitation of the Degree of Financial Leverage formula is that we assume the cost of debt (interest) will remain constant as a firm borrows more and more True False