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In early 2016. The following information was true about Abercrombie and Finch (ANF) and The Gap (GPS), both clothing retailers Values (except price per share)

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In early 2016. The following information was true about Abercrombie and Finch (ANF) and The Gap (GPS), both clothing retailers Values (except price per share) are in milions of dollars. Book Equity Number of Shares ANF $1.296 69.02 million GPS $2.548 $25.03 399.38 million Price Per Share $19.15 a. What is the market-to-book ratio of each company? b. What condusion 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) The market-to-book ratio for GPS is (Round to two decimal places.) b. What conclusion do you draw from comparing the two ratios? (Select from the drop-down menus) than on it implies that the market has a more favorably outlook on

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