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The Walt Disney Company reported the following in its 2016 annual report (in millions): Net income Net cash provided by operating activities Purchase of parks,

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The Walt Disney Company reported the following in its 2016 annual report (in millions): Net income Net cash provided by operating activities Purchase of parks, resorts, and equipment 2016 2015 2014 $ 9,400 $ 8,400 $ 7,500 13,200 10,900 9,780 (4,800) (4,300) (3, 300) 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 O No

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