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                                                                   EXHIBIT 11(A)

                 ROADMASTER INDUSTRIES, INC. AND SUBSIDIARIES
                STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
     FOR THE THREE MONTHS ENDED SEPTEMBER 28, 1996 AND SEPTEMBER 30, 1995
                    (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                       
<TABLE>
<CAPTION>
                                                                            THREE MONTHS ENDED
                                                                    SEPTEMBER 28,         SEPTEMBER 30,
                                                                        1996                  1995
                                                                        ----                  ----
<S>                                                                <C>                     <C>
Primary:                                                                                   
  Weighted average common shares outstanding during period                49,177              49,107
  Common shares issuable if all warrants had been converted                                
    at the date of issuance                                                  476                   -
                                                                   -------------           ---------

  Average common shares outstanding for primary calculation               49,653              49,107
                                                                   =============           =========
Fully Diluted:                                                                             
  Weighted average common shares outstanding during period                49,177              49,107
  Net common shares issuable on exercise of warrants                         476                   -
                                                                   -------------           ---------
  Average common shares outstanding for fully diluted calculation         49,653              49,107
                                                                   =============           =========

Earnings (loss) before extraordinary item                          $       4,646           $  (2,203)
Extraordinary item - loss on extinguishment of debt                        3,731                  --
                                                                   -------------           ---------
Net earnings (loss)                                                $         915           $  (2,203)
                                                                   =============           =========


Earnings per share, primary and fully diluted:                                             
  Earnings (loss) before extraordinary item                        $        0.09           $   (0.04)
  Extraordinary item - loss on extinguishment of debt                      (0.07)                 --
                                                                   -------------           ---------
  Net earnings (loss)                                              $        0.02           $   (0.04)
                                                                   =============           =========
</TABLE>


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