In early 2019, 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 conclusions do you draw from comparing the two ratios?

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ANF GPS Book Equity 1,219 3,553 Price per Share 26.50 26.00 Number of Shares (millions) 65.85 381.43