Bryantmorris, you can use a resistor in series with the current loop to create a voltage drop, but that only works if the negative side of the power supply of the sender & MC050 are the same. The negatives could be different if there is distance between the sender & MC050, if they have different power supplies, or of hte power consumption between the two varies a lot.
If there's a small voltage difference on the ground you could offset the voltage on the negative side of the resistor by putting a second resistor or diode in series, then use two inputs to measure the voltage difference across the main resistor. Depends on how much you trust the sender. Calculations left as an exercise to the reader. If the sender and MC050 use different power supplies, just give up and get a signal conditioner to convert the current to a voltage.