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 $999,106 thousand in 2018 and $1,135,377 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 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: Costs recorded in cost of goods sold (3 thousands) 2018 inventory writeaoffs $20,801 Total cost recorded in cost of goods sold $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 pretax income during 2018 by $ 0 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: 0 times Note: Do not round until your final answer; round yourfinal answer to the nearest whole day. Days inventory outstanding: 0 days c. If UnderArmour had not written offinventory in 2018, what would it have reported for cost of goods sold in 2018? $ 0 thousand