Question 21 Which of the following unrelated statement/s is/are false? 1. Depreciation and Amortization are added back to EBIT as they are non-cash expenses and the resulting figure is EBITDA II. By default, the beta coefficient is used in measuring the fluctuations of stock returns. ill. The "bulis" in the saying "The bulls make money the bears make money, the pies get slaughtered"make money by shorting IV. Leverage ratio would be lower than 1 if the form has some level of debt O & IM It only Olly & o only