Prince Albert Canning PLC had a net loss of 32,415 on sales of 515,380. What was the
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Prince Albert Canning PLC had a net loss of £32,415 on sales of £515,380. 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 $689,785. What was the net loss in dollars?
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The currency is generally irrelevant in calculating any financial ratio The compa...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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