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Travel Lite and Fare Line compete as online travel agencies. Historically, Travel Lite has focused more on flights, whereas Fare Line has focused on hotel
Travel Lite and Fare Line compete as online travel agencies. Historically, Travel Lite has focused more on flights, whereas Fare Line has focused on hotel bookings. The following amounts were reported by the two companies in 2015.
(in millions) Net Income Total Assets Total Liabilities Total Revenues
Travel Lite $330 $7,210 $4,900 $4,180
Fare Line 1,520 6,690 2,770 5,410
Calculate each company's net profit margin expressed as a percent.(Round your answers to 1 decimal place.)
Travel Lite Fare Line
Net Profit Margin % %
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