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In January 2 0 2 2 , United Airlines ( UAL ) had a market capitalization of $ 1 4 . 4 3 billion, debt

In January 2022, United Airlines (UAL) had a market capitalization of $14.43 billion, debt of $32.44 billion, and cash of $18.58 billion. United Airlines had revenues of $25.07 billion. Southwest Airlines (LUV) had a market capitalization of $26.52 billion, debt of $11.82 billion, cash of $15.41 billion, and revenues of $15.64 billion.
a. Compare the market capitalization-to-revenue ratio (also called the price-to-sales ratio) for United Airlines and Southwest Airlines.
b. Compare the enterprise value-to-revenue ratio for United Airlines and Southwest Airlines.
c. Which of these comparisons is more meaningful? Explain.
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