Last year, Tiny Technologies had (1) a negative net cash flow from operations, (2) a negative free cash flow, and (3) an increase in cash as reported on its balance sheet. Which of the following factors could explain this situation.

a. The company had a sharp increase in its inventory

b. The company had a sharp in its accrued liabilities

c. The company sold a new issue of common stock

d. I have no idea which answer is correct