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Prince Albert Canning PLC had a net loss of £39,582 on sales of £508,162. a. What was the companys profit margin? (A negativ

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Answer #1

a)

Profit margin = net income/sales

= -39582/508162

= -7.79%

b)

net income = sales - costs

=>

costs = 508162 - (-39582)

= 547744

Net income = 714266 - 547744

= 166522

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