M3-22 Calculating and Interpreting Net Profit Margin [LO 3-5] TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights whereas FareLine has focused on hotel bookings. The following amounts were reported by the two companies in 2012. (in millions) TravelLite FareLine Net IncomeTotal Assets $580 2,020 $7,810 7,290 Total Liabilities $5,400 3,270 Total Revenues $4,930 6,160 1. Calculate each company's net profit margin expressed as a percent. (Round your answers to the nearest whole percent.) TravelLite FareLine Net Profit Margin 2. Which company has generated a greater return of profit from each revenue dollar? TravelLite O FareLine