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In early 2016, the following information was true about Abercrombie & Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share)
In early 2016, the following information was true about Abercrombie \& Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share) are in millions of dollars. a. What is the market-lo-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 docimal places.) The market-to-book ratio for GPS is (Round to two decimal places ) b. What conclusion do you draw from comparing the fwo ratios? (Select from the drop-down menus.) It implies that the market has a mare favourable cutlook on than on
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