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In early 20152015, Abercrombie & Fitch (ANF) had a book equity of $1390\$ 1390 million, a price per share of $25.52\$ 25.52, and 69.3569.35 million shares outstanding. At the same time, The Gap (GPS) had a book equity of $2983\$ 2983 million, a share price of $41.19\$ 41.19, and 421421 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?


Answered 1 year ago
Answered 1 year ago
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In 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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