Question
Can you explain. TravelLite and Faareline compete as online travel agenccies. Historically. TravelLite has focused more on flights, whereas FareLine has focused on hotel booking.
Can you explain.
TravelLite and Faareline compete as online travel agenccies. Historically. TravelLite has focused more on flights, whereas FareLine has focused on hotel booking. The following amounts were reported by two companies in 2015.
(in millions) Net Income Total Assets Total Liabilities Total Revenues
TravelLine $430 $7,450 $5,100 $4,480
FareLine $1,720 $6,930 $2,970 $5,710
1.Calculate each company's net profit margin expressed as a percent (round to 1 decimal place.)
TravelLine FareLine
Net Profit Margin 18.0% ?%
2.Which company has generated a greater return of profit from each revenue dollar?
a. TravelLine
b.FareLine
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