The following financial statements relate to Magma Corporation:

INCOME STATEMENT:

$2008($$ $\text{'}000)2009($$ $\text{'}000)$

Total revenue $242,500367,700$

Cost of goods sold $(112,300)(197,500)$

Gross profit $130,200170,200$

Depreciation $(12,900)(16,800)$

Salaries and wages $(7,700)(8,100)$

Electricity $(11,100)(13,500)$

Administrative expenses $(13,200)(16,300)$

Marketing $(17,200)(22,200)$

Operating lease payments $(14,000)(17,100)$

Operating income $54,10076,200$

Interest income $2,9003,100$

Interest expense $(2,100)(2,400)$

Income before taxes $54,90076,900$

Provision for income taxes $(24,000)(23,000)$

Net income $30,90053,900$

BALANCE SHEET:

$2008($$ $\text{'}000)2009($$ $\text{'}000)$

Assets

Long$$term Assets

Property, plant, and equipment $105,700153,700$

Investment in associates $68,60080,600$

Goodwill $47,10054,100$

Other long$$term assets $38,50044,500$

Total Long$$term Assets $259,900332,900$

Current Assets

Inventory $4,9006,200$

Accounts receivable $5,3007,500$

Short$$term marketable securities $6,2008,300$

Prepaid expenses $4,7004,500$

Cash $5,5005,100$

Total Current Assets $26,60031,600$

Total Assets $286,500364,500$

Shareholders$$ Equity and Liabilities

Shareholders$$ Equity

Common stock $100,000100,000$

$10\%$ Preferred stock $75,00075,000$

Retained earnings $31,00042,500$

Total Shareholders$$ Equity $206,000217,500$

Liabilities

Long$$term debt $72,000134,700$

Current Liabilities

Accounts payable $4,7006,700$

Accrued expenses $3,8005,600$

Total Current Liabilities $8,50012,300$

Total Shareholders$$ Equity and Liabilities $286,500364,500$

Using the above information and assuming a tax rate of $40\%,$ answer the following question

Magma Corporation$$s number of days of inventory on hand for $2009$ is closest to:

Group of answer choices

$10\mathrm{.}26$ days.

$11\mathrm{.}46$ days.

$35\mathrm{.}58$ days.