Question
In early 20162016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share)
In early 20162016, 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 2911,291 $26.3526.35 67.5967.59 million GPS $2 comma 5452,545 $24.7424.74 397.14397.14 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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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
0128104414, 978-0128104415
