TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, while FareLine

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TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, while FareLine has focused on hotel reservations. The following amounts were reported by the two companies in 2012.

(in millions)	Net Income	total assets	Full responsibility	Total revenue
TravelLite	$ 730	$8,170	$5,700	$5,380
rate line	2,320	7,650	3,570	6,610

1.	Calculate the net profit margin of each company expressed as a percentage . (Round your answers to the nearest whole percent.)

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Fundamentals of Financial Accounting

ISBN: 978-1259864230

6th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Apr 26, 2023 03:49 AM

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TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, while FareLine

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Fundamentals of Financial Accounting

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