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 |
Total Revenues |
| TravelLite |
$ 330 |
$7,210 |
$4,900 |
$4,180 |
| FareLine |
1,520 |
6,690 |
2,770 |
5,410 |
Calculate each company's net profit margin expressed as a percent. (Round your answers to the nearest whole percent.)