1 EAC INDUSTRIES, INC. EXHIBIT 11 COMPUTATION OF EARNINGS PER COMMON SHARE (UNAUDITED) For The Three Months Ended April 30, ------------------------------ 1996 1995 ------------ ------------ NET INCOME (LOSS) $ (15,332) $ 112,179 =========== =========== SHARES: Weighted average shares outstanding 2,311,687 2,311,687 Other - options, warrants etc -- -- ----------- ----------- 2,311,687 2,311,687 =========== =========== PRIMARY EARNINGS PER SHARE $ (.01) $ .05 =========== =========== - Exhibit 11 - Page 10.