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In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS) dollars. Book Equity ANF GPS $1,289 Price
In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS) dollars. Book Equity ANF GPS $1,289 Price Per Share $21.55 Number of Shares 68.43 million $2,545 $24.62 397.07 million 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.)
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
3rd Edition
013350767X, 978-0133507676
