Answer:
$26.67 million
Explanation:
The computation of price per share is shown below:-
Total market value = $1,150 million + $120 million
= $1,270 million
Market value of equity = Total market value - value of debt - value of preferred stock
= $1,270 million - ($120 million + $300 million + $50 million)
= $1,270 million - $470 million
= $800 million
Price per share = Market value of equity ÷ Stock outstanding
= $800 million ÷ $30 million
= $26.67 million
Answer:
The correct answer is C. Cemex, the largest cement producer in Mexico, generates about half of its income from outside Mexico.
Explanation:
CEMEX is an international company for the construction industry, which offers products and services to clients and communities in more than 50 countries around the world. The Mexican company holds the third place in world sales of cement and is the main producer of ready-mix concrete, with a production capacity of approximately 77 million tons per year, serving the markets of America, Europe, Asia, Africa and the Middle East. 50% of the company's sales come from its operations in Mexico, 25% of its plants in the United States, 15% from Spain, and the rest from its plants in other parts of the world.
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