By 31 December, the capital employed of a company comprised ordinary shares of $1$ each and retained earnings of $50000$. The information below applies to the year ended on that date. Profit from operations: $47000$ Finance costs: $3000$ Profit for the year: $44000$ Return on capital employed was $10\%$. How many ordinary shares had been issued?
- A$390000$
- B$420000$
- C$440000$
- D$470000$