Exhibit 11
RANGER INDUSTRIES, INC.
(formerly Coleco Industries, Inc.)
COMPUTATION OF EARNINGS PER SHARE
(Unaudited - See Accountants' Compilation Report)
for the nine-month periods ended September 30, 1996 and 1995
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1996 1995
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Primary:
Net loss $ (95,851) $ (102,935)
Average common shares outstanding 4,000,000 4,000,000
Primary loss per share $ (.02) $ (.03)
Fully diluted:
Net loss $ (95,851) $ (102,935)
Average common shares outstanding 4,000,000 4,000,000
Fully-diluted loss per share $ (.02) $ (.03)
Exhibit 11 , Continued
RANGER INDUSTRIES, INC.
(formerly Coleco Industries, Inc.)
COMPUTATION OF EARNINGS PER SHARE
(Unaudited - See Accountants' Compilation Report)
for the quarters ended September 30, 1996 and 1995
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1996 1995
---- ----
Primary:
Net loss $ (50,127) $ (33,198)
Average common shares outstanding 4,000,000 4,000,000
Primary loss per share $ (.01) $ (.01)
Fully diluted:
Net loss $ (50,127) $ (33,198)
Average common shares outstanding 4,000,000 4,000,000
Fully-diluted loss per share $ (.01) $ (.01)