Information is provided below from the 2000 annual report of the Walt Disney Company.

(a) Evaluate Disney€™s performance over the three years presented. Would you characterize the company as growing, stable, or declining?
(b) Is it surprising that the change in net earnings differs from the change in net cash from operating activities over the period? Which measure of operating activities is more stable?Why?

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(In millions) 2002 $1,236 2,286 (3,176) 1,511 2001 2000 s(158) 920 Net earnings (loss) Net cash from operating activities Net cash from (for) investing activities Net cash from (for) financing activities 3,048 (2,015) (1,257) 3,755 (1,091) (2,236)