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Question - 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
Required - Calculate each company's net profit margin expressed as a percent.
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