ZIPBIT common stock is selling at a P/E of 10 times trailing earnings. The stock price is

Question:

ZIPBIT common stock is selling at a P/E of 10 times trailing earnings. The stock price is $23.50. What were the firm's earnings per share?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...