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Expeditions Incorporated and BookltNow compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30,
Expeditions Incorporated and BookltNow compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30, 2019 (in millions) Expeditions Incorporated BookIt Now Net Income $ 680 2,220 Total Assets $ 8,050 7,530 Total Total Liabilities Revenues $ 5,600 $ 5,230 3,470 6,460 Required: 1. Calculate each company's net profit margin expressed as a percent. 2. Which company has generated a greater return of profit from each revenue dollar? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate each company's net profit margin expressed as a percent. (Round your answers to 1 decimal place.) BookltNow Expeditions Incorporated % Net Profit Margin % Expeditions Incorporated and BookltNow compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30, 2019. (in millions) Expeditions Incorporated BookItNow Net Income $ 680 2,220 Total Assets $ 8,050 7,530 Total Total Liabilities Revenues $ 5,600 $ 5,230 3,470 6,460 Required: 1. Calculate each company's net profit margin expressed as a percent. 2. Which company has generated a greater return of profit from each revenue dollar? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company has generated a greater return of profit from each revenue dollar? Expeditions Incorporated BookltNow
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