The following cash flow data were extracted from the cash flow statements of Tack Company...
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The following cash flow data were extracted from the cash flow statements of Tack Company ($ millions): 20X2 20X1 20X0 Operating Activities (67) 81 319 Investing Activities (462) (363) (279) Financing Activities 629 280 (103) Net Change in Cash 100 (2) (63)
The cash flows reported by Tack company during the period 20X0 - 20X2 are consistent with which one of the following business plan?
Rapid business growth use of free cash flow to make acquisitions improved liquidity in preparation for a leverged buyout selling business segment
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