n January

$20222022,$

United AirlinesUnited$$Airlines

$($UALUAL$)$

had a market capitalization of

$$$$14\mathrm{.}7114\mathrm{.}71$

$$billion$,$ debt of

$$$$30\mathrm{.}4430\mathrm{.}44$

$$billion$,$ and cash of

$ $18\mathrm{.}71$$$18\mathrm{.}71$

billion.

United AirlinesUnited$$Airlines

had revenues of

$$$$24\mathrm{.}7824\mathrm{.}78$

billion.

Southwest AirlinesSouthwest$$Airlines

$($LUVLUV$)$

had a market capitalization of

$ $26\mathrm{.}12$$$26\mathrm{.}12$

$$billion$,$ debt of

$$$$11\mathrm{.}9111\mathrm{.}91$

$$billion$,$ cash of

$$$$15\mathrm{.}2115\mathrm{.}21$

$$billion$,$ and revenues of

$$$$15\mathrm{.}5115\mathrm{.}51$

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.