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                                AmeriKing, Inc.
                   Calculation of Earnings per Common Share
               (Dollars in thousands, except per share amounts)
<TABLE> 
<CAPTION>
                                                              Six Periods                         Three Periods                  
                                                                                                                                 
                                                         December 31,    January 2,          April 1,        April 2,            
                                                           1996 to        1996 to            1997 to         1996 to             
                                                        June 30, 1997   July 1, 1996       June 30, 1997    July 1, 1996         
 
<S>                                                    <C>              <C>                <C>              <C> 
Net income before taxes                                    $   699        $   677             $ 1,762         $ 1,337     

Earnings available to stockholders                                                                                        

Dividends                                                                                                                 

  Preferred Stock                                             (225)          (225)               (113)           (113)    

  Senior Preferred Stock                                    (2,002)                            (1,017)                    

Amortization of issuance costs                                 (60)                               (30)                    
                                                           -------                            -------                     
                                                                                                                          
Earnings available to common stockholders                   (1,588)           452                 602           1,224     

Weighted average number of shares outstanding               897.34         863.29              901.39          863.29     

Fully diluted weighted average number of shares                                                                           
 outstanding                                                999.99         969.99              999.99          969.99     
                                                                                                                          
                                                                                                                          
Net income per common share (weighted average)             $ (1.77)       $  0.52             $  0.67         $  1.29     

Net income per common share (fully diluted)                $ (1.59)       $  0.47             $  0.60         $  1.15     
                                                                                                                          
                                                                                  Total Shares                                 
                                                                                  ------------ 
Weighted average number of common shares:                                                                                 

  Original shares                                           863.29         863.29              863.29          863.29     

  Option shares                                               4.05                               8.10                     

  Common stock units                                         30.00          30.00               30.00           30.00     
                                                           -------        -------             -------         -------     
  Total                                                     897.34         893.29              901.39          893.29     

Fully diluted weighted average  number of common                                                                         
 shares:                                                                                                                  

  Original shares                                           969.99         969.99              969.99          969.99     

  Common stock units                                         30.00          30.00               30.00           30.00     
                                                           -------        -------             -------         -------     

  Total                                                     999.99         999.99              999.99          999.99      
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