Below are financial data ratios adapted from a real-life Australian listed company which ultimately failed. Famously, several reputable share analysts were recommending clients purchase this stock immediately before it became one of Australias most controversial corporate failures.

Year Ended	2015	2016	2017	2018	2019	2020
No. of Outlets	94	187	327	660	1,257	2,238
Total Assets ($m)	55.9	157.0	314.1	1,165.5	2,323.3	4,067.1
Total Debt ($m)	20.6	55.6	103.0	200.1	260.4	1758.8
Total Equity ($m)	27.4	89.1	202.6	845.5	11,837.7	1,901.6
Profit ($m)	6.8	12.1	21.4	52.3	81.0	143.1
Return on Equity ($m)	24.9%	13.5%	10.5%	6.2%	4.4%	7.5%

Referencing to, and using examples from, the data provided above, identify and discuss some of the business and accounting red flags which should have warned financial analysts and investors of the increasing risk of investing in this company.