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 mark

The market$-$to$-$book

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[,$Book Equity,Price per Share,Number of Shares$],[$ANF$,$$$829,$$$38\mathrm{.}76,52\mathrm{.}82$ million$],[$GPS$,$$$2,721,$$$17\mathrm{.}73,367\mathrm{.}36$ million$]]$