Question
In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share)
In early 2016, 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. Book Equity Price Per Share Number of Shares ANF $1 comma 287 $25.99 67.46 million GPS $2 comma 542 $24.54 397.93 million
a. What is the market-to-book ratio of each company?
b. What conclusion do you draw from comparing the two ratios?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
