Book Equity ($ million)	Price per Share ($)	Number of Shares (million)
ANF	826	39.46	51.85
GPS	2722	17.84	366.95

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? a. What is the market-to-book ratio of each company? The market-to-book ratio for ANF is (Round to two decimal places.) The market-to-book ratio for GPS is (Round to two decimal places.) b. What conclusion do you draw from comparing the two ratios? It implies that the market has a more favorably outlook on than on (Select from the drop-down menus.)