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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

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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) Net Income Total Assets Total Liabilities TravelLite $1,180 $9,250 $6,600 FareLine 3,220 8,730 4,470 Total Revenues $6,730 7,960 1. Calculate each company's net profit margin expressed as a percent. (Round your answers to the nearest whole percent.) TravelLite % Net Profit Margin FareLine % 2. Which company has generated a greater return of profit from each revenue dollar? TravelLite FareLine

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