Question: In mid 2012 Abercrombie Fitch ANF had a book equity

In mid-2012, Abercrombie & Fitch (ANF) had a book equity of $1693 million, a price per share of $35.48, and 82.55 million shares outstanding. At the same time, The Gap (GPS) had a book equity of $3017 million, a share price of $27.90, and 489.22 million shares outstanding.
a. What is the market-to-book ratio of each of these clothing retailers?
b. What conclusions can you draw by comparing the two ratios?

Sale on SolutionInn
  • CreatedJuly 27, 2014
  • Files Included
Post your question