Expedia and Priceline compete as online travel agencies. Historically, Expedia has focused more on flights, whereas Priceline
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Expedia and Priceline compete as online travel agencies. Historically, Expedia has focused more on flights, whereas Priceline has focused on hotel bookings. The following amounts were reported by the two companies in 2015. Calculate each company’s net profit margin expressed as a percent (to one decimal place). Which company has generated a greater return of profit from each revenue dollar?
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(in millions) Total Liabilities Total Assets Total Revenues Net Income $ 723 2,551 $15,504 $10,574 8,625 $6,672 9,224 Expedia Priceline 17,421
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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