In early 2022, the following information, , was true about Abercrombie and Fitch (ANF) and The...

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In early 2022, 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. 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? It implies that the market has a more favorably outlook on (Select from the drop-down menus.) Data table than on (Click on the following icon in order to copy its contents into a spreadsheet.) ANF GPS Book Equity $826 $2,722 Price per Share $39.00 $17.88 Number of Shares 50.40 million 368.00 million - In early 2022, 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. 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? It implies that the market has a more favorably outlook on (Select from the drop-down menus.) Data table than on (Click on the following icon in order to copy its contents into a spreadsheet.) ANF GPS Book Equity $826 $2,722 Price per Share $39.00 $17.88 Number of Shares 50.40 million 368.00 million -