Wednesday, 15 November 2017

Prince Albert Canning PLC had a net loss of £27,835 on sales of £204,350. What was the company’s profit margin



Prince Albert Canning PLC had a net loss of £27,835 on sales of £204,350. 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 $327,810. What was the net loss in dollars?



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