K In early 2022, 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. a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? Data table (Click on the following icon in order to copy its contents into a spreadsheet.) ANF GPS Book Equity $825 $2,724 Price per Share $39.04 $18.04 Number of Shares 47.99 million 366.79 million -

Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5DQ
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Question
K
In early 2022, 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.
a. What is the market-to-book ratio of each company?
b. What conclusion do you draw from comparing the two ratios?
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
ANF
GPS
Book Equity
$825
$2,724
Price per Share
$39.04
$18.04
Number of Shares
47.99 million
366.79 million
-
Transcribed Image Text:K In early 2022, 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. a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? Data table (Click on the following icon in order to copy its contents into a spreadsheet.) ANF GPS Book Equity $825 $2,724 Price per Share $39.04 $18.04 Number of Shares 47.99 million 366.79 million -
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