EXHIBIT 11 ---------- Statement of Computation of Earnings Per Share for the Twelve Months Ended July 31, 1996 Fully Primary EPS Diluted EPS ----------- ----------- 1. Proceeds Upon Exercise of Options $41,345,987 $41,345,987 2. Market Price of Shares: Closing $21.250 Average $21.223 3. Treasury Shares that Could be Repurchased 1,948,169 1,954,694 4. Option Shares Outstanding 2,083,050 2,083,050 5. Common Stock Equivalents 134,881 137,356 6. Average Number of Shares Outstanding 56,483,827 56,483,827 7. Total of Common and Common Equivalent Shares 56,618,708 56,621,183 8. Net Income for the Period 70,520,811 70,520,811 9. Earnings Per Share $1.25 $1.25 10. Reported Earnings Per Share N/A N/A