Ratios and Foreign Companies Prince Albert Canning PLC had a net loss of 13,156 on sales of
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Ratios and Foreign Companies Prince Albert Canning PLC had a net loss of £13,156 on sales of £147,318 (both in thousands of pounds). What was the company’s profi t margin? Does the fact that these fi gures are quoted in a foreign currency make any difference? Why? In dollars, sales were $267,661. What was the net loss in dollars? LO.1
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