Business, 26.05.2020 02:01, Hfruit

TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, whereas FareLine has focused on hotel bookings. The following amounts were reported by the two companies in 2015. (in millions) Net Income Total Assets Total Liabilities Total Revenues TravelLite $ 1,080 $ 9,010 $ 6,400 $ 6,430 FareLine 3,020 8,490 4,270 7,660 Required: Calculate each company’s net profit margin expressed as a percent. (Round your answers to 1 decimal place.)

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TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more...