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Question

In early $2015$, Abercrombie & Fitch (ANF) had a book equity of $\$ 1390$ million, a price per share of $\$ 25.52$, and $69.35$ million shares outstanding. At the same time, The Gap (GPS) had a book equity of $\$ 2983$ million, a share price of $\$ 41.19$, and $421$ million shares outstanding.

a. What is the market-to-book ratio of each of these clothing retailers?

b. What conclusions can you draw by comparing the two ratios?

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 5In this problem, we are asked to analyze and compute Abercrombie & Fitch's (ANF) and Gap's (GPS) market-to-book ratio. But before that, let us first define relevant terms to be used in this problem.

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