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In early 2015, Abercrombie & Fitch (ANF) had a book equity of $1,391 million, a price per share of $25.47, and 69.81 million shares outstanding.

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In early 2015, Abercrombie & Fitch (ANF) had a book equity of $1,391 million, a price per share of $25.47, and 69.81 million shares outstanding. At the same time, The Gap (GPS) had a book equity of $2,981 million, a share price of $40.75, and 423.15 million shares outstanding. a. What is the market-to-book ratio of each of these clothing retailers? b. What conclusions do you draw from comparing the two ratios

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