EXHIBIT 11.1
AMCON Distributing Company
Statement of Computation of Per Share Earnings
For the three and nine months ended June 30, 1996 and 1995
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Three months Nine months
ended June 30, ended June 30,
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1996 1995 1996 1995
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1. Weighted average common
shares outstanding 2,450,000 2,450,000 2,450,000 2,450,000
2. Weighted average treasury
shares outstanding (4,097) - (4,097) -
3. Weighted average of net
additional shares outstanding
assuming dilative warrants
exercised and proceeds used
to purchase treasury stock - 35,866 - 35,866
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4. Weighted average number of
common and common equivalent
shares outstanding 2,445,903 2,485,866 2,445,903 2,485,866
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5. Net income $ 581,003 $ 282,517 $ 837,273 $ 931,082
Accretion of preferred stock (25,000) (25,000) (75,000) (75,000)
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Net income attributable to
common shareholders $ 556,003 $ 257,517 $ 762,273 $ 856,082
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6. Earnings per common and
common equivalent share
attributable to common
shareholders $ 0.23 $ 0.10 $ 0.31 $ 0.34
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