In early

$20222022,$

United AirlinesUnited$$Airlines

$($UALUAL$)$

had a market capitalization of

$$$$14\mathrm{.}314\mathrm{.}3$

$$billion$,$ debt of

$$$$39\mathrm{.}439\mathrm{.}4$

$$billion$,$ and cash of

$$$$18\mathrm{.}418\mathrm{.}4$

billion.

United AirlinesUnited$$Airlines

had revenues of

$$$$24\mathrm{.}624\mathrm{.}6$

billion.

Southwest AirlinesSouthwest$$Airlines

$($LUVLUV$)$

had a market capitalization of

$$$$26\mathrm{.}126\mathrm{.}1$

$$billion$,$ debt of

$$$$12\mathrm{.}312\mathrm{.}3$

$$billion$,$ cash of

$$$$15\mathrm{.}515\mathrm{.}5$

$$billion$,$ and revenues of

$$$$15\mathrm{.}815\mathrm{.}8$

billion.

a$.$ Compare the market$$capitalization$-$to$-$revenue ratio$($also called the$$price$-$to$-$sales ratio$)$ for

United AirlinesUnited$$Airlines

and

Southwest AirlinesSouthwest$$Airlines$.$

b$.$ Compare the enterprise$$value$-$to$-$revenue ratio for

United AirlinesUnited$$Airlines

and

Southwest AirlinesSouthwest$$Airlines$.$

c$.$ Which of these comparisons is more$$meaningful$?$ Explain.