Question
Expedia and Booking.com compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30, 2019.
Expedia and Booking.com compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30, 2019.
| (in millions) | Net Income | Total Assets | Total Liabilities | Total Revenues |
|---|---|---|---|---|
| Expedia | $ 183 | $22,201 | $16,294 | $ 3,153 |
| Booking.com | 979 | 21,494 | 16,187 | 3,850 |
Required:
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Calculate each companys net profit margin expressed as a percent.
-
Which company has generated a greater return of profit from each revenue dollar?
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
