In terms of difference between operating leverage and financial leverage, which of the following is incorrect?

(A) Operating Leverage is associated with investment activities of the company, whereas Financial Leverage is associated with financing activities of the company.

(B) Operating Leverage consists of fixed operating expenses of the company, whereas financial leverage consists of fixed financial expenses of the company.

(C) Operating Leverage represents the firm's ability to use the fixed operating cost, whereas financial leverage represents the firm's ability to use the fixed financial cost.

(D) Operating Leverage is calculated as EBIT/EBT, whereas financial leverage is calculated as Contribution/EBIT.