Prince Albert Canning PLC had a net loss of 18,465 on sale 3.25. Ratios and Foreign Companies of 151,387 (both in thousands of pounds). 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 $269,566. What was the net loss in dollars? Some recent financial statements for Smolira Golf Corp. follow. Use this information to work Problems 26 through 30. SMOLIAR GOLFCORPORATION 2016 and 2017 Balance Sheets Liabilities and Owner's Equity 2016 Assets 2017 2017 2016 Current assets Current liabilities Cash $18,270 $22,150 $16,215 $17,318 10,000 14.451 $41,769 $85,000 A/P A/R 12,315 21.584 13,865 N/P 8,000 Inventory 24.876 Other 11.145 $35,360 $80,000 Total Total $52,169 $60,891 LTD Fixed assets Owner's Equity Statement ofCash Flows Prepare the 2017 statement of cash flows for Smolira Golf Corp. Prince Albert Canning PLC had a net loss of 18,465 on sale 3.25. Ratios and Foreign Companies of 151,387 (both in thousands of pounds). 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 $269,566. What was the net loss in dollars? Some recent financial statements for Smolira Golf Corp. follow. Use this information to work Problems 26 through 30. SMOLIAR GOLFCORPORATION 2016 and 2017 Balance Sheets Liabilities and Owner's Equity 2016 Assets 2017 2017 2016 Current assets Current liabilities Cash $18,270 $22,150 $16,215 $17,318 10,000 14.451 $41,769 $85,000 A/P A/R 12,315 21.584 13,865 N/P 8,000 Inventory 24.876 Other 11.145 $35,360 $80,000 Total Total $52,169 $60,891 LTD Fixed assets Owner's Equity Statement ofCash Flows Prepare the 2017 statement of cash flows for Smolira Golf Corp