6. Charlie loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fund-raising drives. a. (0.1 pt) What name do economists have for people like Charlie? b. (0.1 pt) How can the government solve the problem caused by people like Charlie? c. (0.1 pt) Can you think of ways the private market can solve this problem?

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.