In January $20222022,$ United AirlinesUnited Airlines $($UALUAL$)$ had a market capitalization of $$14\mathrm{.}3814\mathrm{.}38$ billion, debt of $$33\mathrm{.}1533\mathrm{.}15$ billion, and cash of $ $18\mathrm{.}53$$$18\mathrm{.}53$ billion. United AirlinesUnited Airlines had revenues of $$24\mathrm{.}5924\mathrm{.}59$ billion. Southwest AirlinesSouthwest Airlines $($LUVLUV$)$ had a market capitalization of $ $26\mathrm{.}52$$$26\mathrm{.}52$ billion, debt of $$12\mathrm{.}5612\mathrm{.}56$ billion, cash of $$15\mathrm{.}1715\mathrm{.}17$ billion, and revenues of $$16\mathrm{.}2516\mathrm{.}25$ 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.Question content area bottomPart $1$a$.$ Compare the market capitalization$-$to$-$revenue ratio $($also called the price$-$to$-$sales ratio$)$ for United AirlinesUnited Airlines and Southwest AirlinesSouthwest Airlines.The market capitalization$-$to$-$revenue ratio for United AirlinesUnited Airlines is $0\mathrm{.}580\mathrm{.}58.($Round to two decimal places.$)$Part $2$The market capitalization$-$to$-$revenue ratio for Southwest AirlinesSouthwest Airlines is $1\mathrm{.}6321\mathrm{.}632.($Round to two decimal places.$)$Part $3$b$.$ Compare the enterprise value$-$to$-$revenue ratio for United AirlinesUnited Airlines and Southwest AirlinesSouthwest Airlines.The enterprise value$-$to$-$revenue ratio for United AirlinesUnited Airlines is $1\mathrm{.}181\mathrm{.}18.($Round to two decimal places.$)$Part $4$The enterprise value$-$to$-$revenue ratio for Southwest AirlinesSouthwest Airlines is $1\mathrm{.}471\mathrm{.}47.($Round to two decimal places.$)$Part $5$c$.$ Which of these comparisons is more meaningful? Explain.$($Select all the choices that apply.$)$A$.$You cannot meaningfully compare the market capitalization$-$to$-$revenue ratio when firms have different amounts of leverage, as market capitalization measures only the value of a firm's equity.B$.$You cannot meaningfully compare the enterprise value$-$to$-$revenue ratio when firms have different amounts of leverage, as enterprise value measures only the value of a firm's equity.C$.$The enterprise value$-$to$-$revenue ratio is more useful when the leverage of firms is quite different, as it is here.D$.$The market capitalization$-$to$-$revenue ratio is more useful when the leverage of firms is quite different, as it is here.