Question: Doritos Company has prepared draft financial results now being reviewed by the accountants. You notice that the financial leverage percentage is negative. You also note

Doritos Company has prepared draft financial results now being reviewed by the accountants. You notice that the financial leverage percentage is negative. You also note that the current ratio is 2.4 and the quick ratio is 3.7. You recognize that these financial relationships are unusual. Does either imply that a mistake has been made? Explain.

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