Problem

Ratios and Foreign Companies Prince Albert Canning PLC had a net loss of £37,543 on...

Ratios and Foreign Companies Prince Albert Canning PLC had a net loss of £37,543 on sales of £345,182. What was the company’s profit margin? Does the fact that these figures are quoted in a foreign currency make any difference? Why? In dollars, sales were $559,725. What was the net loss in dollars?

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