1 EXHIBIT 11 AMC, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE Quarter Ended November 30, 1996 ----------------- Net earnings $ 471,188 Weighted average number of outstanding common shares 61,962,751 Earnings per common and common stock equivalent shares $ .01 =========== Assumed earnings increases due to exercise of warrants $ 205,000 ----------- Adjusted net earnings 676,188 Additional shares assumed issued due to exercise of warrants 16,736,548 ----------- Adjusted weighted average number of outstanding common shares 78,699,299 Earnings per common and common stock equivalent shares- fully diluted $ .01 ===========