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In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The...

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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. ANF GPS Book Equity $1,292 $2,549 Price Per Share $23.29 $24.59 Number of Shares 68.08 million 394.08 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.) 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.) It implies that the market has a more favorably outlook on than on The Gap Abercrombie and Fitch

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