The Degree of Financial Leverage Formula calculates the impact of changes on Operating Income on Earnings Per Share True False QUESTION 16 The Degree of Combined Leverage does not combine both the top and bottom of the income statement. True False QUESTION 13 The Degree of Financial Leverage Formula Calculates the degree of leverage on the bottom of the Income Statement (EPS) True False QUESTION 14 The Degree of Operating Leverage Formula may be used at any sales level, (for example, zero units produced, or 1,000 units produced) True False