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Anna35 [415]
3 years ago
7

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

e 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 TravelLite $ 1,080 $ 9,010 $ 6,400 $ 6,430 FareLine 3,020 8,490 4,270 7,660 Required: Calculate each company’s net profit margin expressed as a percent. (Round your answers to 1 decimal place.)
Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

16.80% and 39.43%

Explanation:

The formula to compute the net profit margin is shown below:

Net profit margin = Net income ÷ Total revenues × 100

For Travel lite, the net profit margin is

= $1,080 ÷ $6,430 × 100

= 16.80%

And, for fare line, the net profit margin is

= $3,020 ÷ $7,660 × 100

= 39.43%

By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company

It is always expressed in percentage

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On January 1, 2017, Burke Corporation signed a 5-year noncancelable lease for a machine. The terms of the lease called for Burke
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Answer:

<em>Operating Lease</em>

<em />

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3 years ago
Wayne is working at the overseas branch of his organization. He needs some clarification about a project. He approaches a senior
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3 0
3 years ago
The relevant range of production for Hallergan Corporation is 11,000 to 14,000 units. When Hallergan Corporation produces and se
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Answer:

Total unitary product cost= $18.3

Explanation:

Giving the following information:

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