EXHIBIT II
                                   
                    AULT INCORPORATED & SUBSIDIARY
            COMPUTATION OF CONSOLIDATED EARNINGS PER SHARE
           (In thousands of Dollars, Except Per Share Data)

<TABLE>
<CAPTION>
                                           (Unaudited)   
                                           Years Ended          
                                  May 31,                June 1,
                                   1998                   1997
<S>                               <C>                    <C>
                                                       
Basic EPS Computation                                  
                                                                  
Net Income to Common                 $1,318                 $2,365
Stockholders
                                                                  
Common Shares Outstanding:                                        
Beginning of Year                 4,075,733              2,119,776
Common Shares Daily Weighted                                      
From:
   Public Offering                      ---                869,451
   Exercise of Employee Stock        58,036                 18,883
Options
   Exercise of Employee Stock         2,290                  2,952
Purchase Plan
                                                                  
Total Weighted Common Shares      4,136,059              3,011,062
                                                                  
Net Income                            $0.32                  $0.79
                                                                  



Diluted EPS Computation                                           
                                                                  
Net Income to Common                 $1,318                 $2,365
Stockholder
                                                                  
Total Weighted Common Shares      4,136,059              3,011,062
                                                                  
Dilutive Potential Common                                         
Shares, Daily Weighted, from:
   Assumed Conversion of
Outstanding Dilutive
   Underwriters' Warrants *                                 47,077

   Employee Stock Options *         254,147                462,726

   Employee Stock Purchase plan      11,977                 13,493

                                    266,124                523,296
                                                                  




Less Common Shares Purchaseable                                   
from Proceeds:
   Underwriters' Warrants                                   41,918
   Employee Stock Options           135,568                205,160
   Employee Stock Purchase plan      12,443                  7,571

                                    148,011                254,649
                                                                  
Adjusted Weighted-Average
 Shares                           4,254,172              3,279,709
                                                                  
Net Income                            $0.31                  $0.72
                                                                  
<FN>
*In fiscal 1998, options and warrants totaling 303,000 and 122,000
shares, respectively, were excluded from the dilutive EPS calculations
because of their higher exercise prices compared to the average market
values.
</TABLE>