. CUCI PIISU Valu! 3. 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