Answer:
Albert Canning PLC
a) Profit margin = -6.49%
b) The net loss in dollars = -$23,351.99
Explanation:
a) Data and Calculations:
Net loss = £18,137
Sales = £279,386
Profit margin = (Net loss)/Sales * 100
= -£18,137/£279,386 * 100
= -6.49%
b) Sales in dollars = $359,815
The net loss in dollars = $359,815 * -6.49%
= $23,351.99
c) The profit margin is expressed in percentage terms. It depicts the relationship between the profit and the sales revenue.