In Mid 2012, 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 of Equity Price per Share Number of Shares
ANF $1,690 $35.67 83.75 million
GPS $3,019 $27.82 488.84 million
A. What is the market to book ratio of each company?
B. What conclusion do you draw from comparing the two ratios?