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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. Net (in millions) Income Expeditions Incorporated $ 930 BookItNow 2,720 Total Total Total Assets Liabilities Revenues $ 8,650 $ 6,100 $ 5,980 8,130 3,970 7,210 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 d BookItNow Expeditions Incorporated % Net Profit Margin %
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