Ratios and Foreign Companies Prince Albert Canning PLC had a net loss

QUESTION

Ratios and Foreign Companies Prince Albert Canning PLC had a net loss off 18,465 on sales off 151,387 (both in thousands of pounds). What was the companys profit margin? Does the fact that these figures arc 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.
Net Loss 18,465 Sales 151,387 Profit margin -12.20% (18,465/151,387 * 100) The fact that the figures are quoted in foreign currency does not make any difference. The profit/loss margin will remain the same. Profit margin is calculated by dividing¦

ofit/loss by the Sales. Whether the figures are in dollars or pounds, it will not make any difference. Sales in dollars $ 269,566 Net Loss $ 32,880 ($ 269,566/151,387 * 18,465)

ANSWER:

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