Exhibit 11(b) ACCESS CORPORATION CALCULATION OF NET EARNINGS PER COMMON SHARE AND COMMON SHARE EQUIVALENT Six Months Ended October 31, 1997 1996 ------------------------- NET EARNINGS APPLICABLE TO COMMON SHARES AND COMMON SHARE EQUIVALENTS: Net Earnings $ 37,851 $ (276,480) Preferred Dividend - - Net Earnings Applicable to Common Shares and Common Share Equivalents $ 37,851 $ (276,480) CALCULATION OF PRIMARY NET EARNINGS PER COMMON SHARE AND COMMON SHARE EQUIVALENTS: Average Number of Common Shares and Common Share Equivalents Outstanding 4,865,559 4,865,559 PRIMARY NET EARNINGS PER COMMON SHARE AND COMMON SHARE EQUIVALENT: Net Earnings per Common Share and Common Share Equivalents after Discontinued Operations $ 0.01 $ (0.06) =========== ========== a) Common Share Equivalents have not been included as their inclusion would be anti-dilutive or dilution is less than 3%