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Business, 30.07.2020 16:01 NewKidnewlessons

The Walt Disney Company reported the following in its 2016 annual report (in millions): 2016 2015 2014 Net income $ 9,400 $ 8,400 $ 7,500 Net cash provided by operating activities 13,200 10,900 9,780 Purchase of parks, resorts, and equipment (4,800 ) (4,300 ) (3,300 ) Required: 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?

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