1 EXHIBIT 11 AMC, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE Three Months Ended Period From October 2, 1995 May 31, 1996 . 1995 through May 31, 1996 ---------------- --------------------------- Net earnings $ 417,425 $ 3,048,629 Weighted average number of outstanding common shares 62,173,153 62,173,153 Earnings per common and common stock equivalent shares $ .01 $ .05 ========== =========== Assumed earnings increases due to exercise of warrants $ 205,000 $ 547,000 ---------- ----------- Adjusted net earnings 622,425 3,595,629 Additional shares assumed issued due to exercise of warrants 16,736,548 16,736,548 ---------- ----------- Adjusted weighted average number of outstanding common shares 78,909,701 78,909,701 Earnings per common and common stock equivalent shares fully diluted .01 .05 ========== ===========