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The Walt Disney Company reported the following in its 2013 annual report (in millions). 2013 2012 Net income Net cash provided by operating activities Purchase

The Walt Disney Company reported the following in its 2013 annual report (in millions). 2013 2012 Net income Net cash provided by operating activities Purchase of parks, resorts, and equipment 2011 $6,636 $6,173 $ 5,258 9,5427,966 6,994 (2,796) (3,784) (3,559) Required: 2. Based solely on the results reported above for the three years, did Walt Disney Company need external financing to purchase parks, resorts, and equipment during these years? Yes No

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