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Data table (Click on the following icon D in order to coov its contents into a sareadsheet) Consider the following data for the airline industry

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Data table (Click on the following icon D in order to coov its contents into a sareadsheet) Consider the following data for the airline industry for Apnil 2019 ( EV= enterprise value, Bcok = equity book value). Discuss the potential challenges of using multiples to value an airine. All the multiples show a great deal of variation, suggesting the following: (Select the best choice below.) A. Smaller airlines are more efficiont than their larger competitors. B. Alrtines are very diversified nowadays. C. Ratios were probably computed at different points in time. D. Profitability and growti varies widely across firms. Which of these ratios is probably the most useful? (Select the best choice below.) A. Evisales B. P/Book c. EVIEBITDA D. PIE

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