early following informa was true about Alb clothing retailers. Values (except price per share) are in millions of dollars. ALB GLV Book Equity $1,215 $3,548 Price per Share $26.04 $26.49 a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? Galveston Number of Shares 68.23 million 385.59 million

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In early 2019, the following information was true about Alberston (ALB) and Galveston (GLV), both
clothing retailers. Values (except price per share) are in millions of dollars.
ALB
GLV
Book Equity
$1,215
$3,548
Price per Share
$26.04
$26.49
a. What is the market-to-book ratio of each company?
b. What conclusion do you draw from comparing the two ratios?
Number of Shares
68.23 million
385.59 million
Transcribed Image Text:In early 2019, the following information was true about Alberston (ALB) and Galveston (GLV), both clothing retailers. Values (except price per share) are in millions of dollars. ALB GLV Book Equity $1,215 $3,548 Price per Share $26.04 $26.49 a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? Number of Shares 68.23 million 385.59 million
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