ALOETTE COSMETICS, INC. AND SUBSIDIARIES EXHIBIT 11 SCHEDULE OF COMPUTATION OF EARNINGS PER SHARE for the three months ending March 31, 1996 and 1995 Three Months Ended March 31, ------------------------------------ 1996 1995 -------- -------- Net income (loss) $159,744 $(4,359,920) Weighted average number of common shares outstanding during the year 2,157,253 2,157,253 Net income (loss) per common share $.07 $(2.02) PRIMARY (1) Net income (loss) $159,744 $(4,359,920) Weighted average number of common shares outstanding during the year 2,157,253 2,157,253 Net income (loss) per common share $.07 $(2.02) FULLY DILUTED (1) Net income (loss) $159,744 $(4,359,920) Weighted average number of common shares outstanding during the year 2,157,253 2,157,253 Net income (loss) per common share $.07 $(2.02) (1) This calculation is submitted in accordance with the regulations of the Securities and Exchange Commission although not required by APB Opinion No. 15 because it results in dilution of less than 3%.