In early 2016 the following information was true about, Ask an Expert

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In early 2016?, the following information was true about Abercrombie and Fitch? (ANF) and The Gap? (GPS), both clothing retailers. Values? (except price per? share) are in millions of dollars.

ANF Book Equity= $1,294 ANF Price Per Share=$24.72 ANF Number of shares=69.81 million

GPS Book Equity=$2,549 GPS Price Per Share=$24.37 GPS Number of shares=400.09 million

a. What is the? market-to-book ratio of each? company?

b. What conclusion do you draw from comparing the two? ratios?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92805743

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