A country puts in a quota limitation on the importation of cherries into their country. Cherries imported are reduced by 90% because of this quota. This is welcomed by chetry growers in this country. Indicate the consequence for each category/group a-e listed below within the country that imposed the quota on imports. (Indicate the effect with an I for increase, D for decrease, and U for un/ indeterminate from information provided) Price of imported gourmet/special cherries b. Domestic produced cherry prices for consumers C. Input costs for cherry filing and cherry pie producers Orices for consumers that purchase cherry filling and/or cherry pies Profits of cherry farmers

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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.