Quantifying the Effect of Inventory Write-offs on Ratios Under Armour reported the following in its 2018 Form 10-K. Under Armour's income statement reported 2018 cost of goods sold of $2,852,714 thousand. Its balance shee reported inventories of $1,427,294 thousand in 2018 and $1,621,967 thousand in 2017. Restructuring Plans: As previously announced, our Board of Directors approved restructuring plans designed to more closely align our financial resources with the critica priorities of our business and opmize 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 Costs recorded in cost of goods sold (5 thousands) 2018 Inventory write-offs Total cost recorded in cost of goods sold $20,801 $20,801 a. What effect did the 2018 inventory write-off have on pretax income during 2018? Note: Do not use a negative sign with your answer. The 2018 inventory write-off decreased pretax income during 2018 by s 20,801 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 2.6 x times Note: Do not round until your final answer, round your final answer to the nearest whole day. Days inventory outstanding 142 x days