Question: Quantifying the Effect of Inventory Write - offs on Ratios 2 0 1 8 and $ 1 , 1 1 2 , 2 0 6

Quantifying the Effect of Inventory Write-offs on Ratios
2018 and $1,112,206 thousand in 2017.
a. What effect did the 2018 imvencory write-off have on pretax income during 2018?
Note: Do not use a negative sign with your answer.
The 2018 inventory write-off
pretax income during 2018 by s
thousand.
b. Calculate imventory turnover and days inwentory outstanding for 2018.
Note: Round your answers to one decimal place (for example, enter 6.8 for 6.775SS).
Inventory turnover:
K times
Note: Do not round until your final answer; round your final answer to the nearest whole day.
Days inventory outstanding:
x days
c. If Under Armour had not written off inventory in 2018. what would is have reported for cost of goods sold in 201821
thousand
d. If UnderAmour had not written off inventory in 2018, what would have been the inverkory balances in 2018 and 2017?
2018 imentory balance 51,040,297 thousand
C. If Under Amour had not written off inventory in 2018, what would it have reported for cost of goods sold in 2018??
thousand
d. If UnderAmour had not witten off inventory in 2018, what would have been the irwentory balances in 2018 and 2017?
2018 inventory balance $
x thousand
2017 inventory balance:
x thousand
e. Use the adjusted cost of goods sold and inventory balances to recalculate inventory tumover and das imventory outstanding, Did the inventory write-off make a significant difference?
Note: Round your answers to one decimal place (for example, enter 6.8 for 6.77555),
Imentory turnover
x times
Note: Do not round untl your final answer, round your final answer to the nearest whole day.
Days imentory outstanding
x das
 Quantifying the Effect of Inventory Write-offs on Ratios 2018 and $1,112,206

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