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EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
COMPLETE BUSINESS SOLUTIONS, INC. AND SUBSIDIARIES
PRO FORMA OR ACTUAL NET INCOME PER COMMON SHARE
(UNAUDITED)
<TABLE>
<CAPTION>
Three Months Ended
June 30,
----------------------
2000 1999
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<S> <C> <C>
Weighted average number of shares of Common Stock outstanding........... 36,423 37,505
Common Stock equivalents calculated using the weighted average stock
price per share for the periods presented.......................... -- 802
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Weighted average shares outstanding..................................... 36,423 38,307
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Actual net income (loss) available for common shareholders.............. $(26,225) $ 7,261
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Actual basic earnings per common share.................................. $ (.72) $ .19
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Actual fully diluted earnings per common share.......................... $ (.72) $ .19
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<CAPTION>
Six Months Ended
June 30,
----------------------
2000 1999
-------- --------
<S> <C> <C>
Weighted average number of shares of Common Stock outstanding........... 37,379 36,950
Common Stock equivalents calculated using the weighted average stock
price per share for the periods presented.......................... -- 1,171
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Weighted average shares outstanding..................................... 37,379 38,121
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Actual net income (loss) available for common shareholders.............. $(21,214) $ 17,496
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Actual basic earnings per common share.................................. $ (.57) $ .47
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Actual fully diluted earnings per common share.......................... $ (.57) $ .46
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</TABLE>