# Question

Prince Albert Canning PLC had a net loss of £45,831 on sales of £198,352. 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 $314,883. What was the net loss in dollars? Some recent financial statements for Smolira Golf Corp. follow. Use this information to work Problems 26 through30.

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