Quantifying the Effect of Inventory Write-offs on Ratios Under Armour reported the following in its 2018 Form 10K. Under Armour's income statement reported 2018 cost of goods sold of $2,852,714 thousand, Its balance sheet reported inventories of \$897,156 thousand in 2018 and \$1,019,522 thousand in 2017. Restructuring Plans: As previously announced, our Board of Directors approved restructuring plans designed to more ciosely align our financial resources with the critical priorities of our business and optimize operations. We recognized approximately $203.9 million of pre-tax charges in connection with our restructuring plan. The costs incurred during the year ended December 31,2018 , include the following: 2. What effect did the 2018 inventory write-oft have on pretax income during 2018? Note: Donot use a negative sign with your answer. The 2018 inventory write-off pretaxincome during 2018 by s thousand b. Calculate inventory turnover and days inventory outstanding for 2018. Note: Round your answers to one decimal place (for example, enter 6.8 for 6.77555 ) Inventory turnover: times Note: Do not round until your final answer, round your final answer to the nearest whole day. Days inventory outstanding: days e. Use the adjusted cost of goods sold and inventory balances to recalculate inventory turnover and days inventory 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 ). Inventory turnover times Note: Do not round until your final answer; round your final answer to the nearest whole day. Days inventory outstanding days