Under Armour reported the following in its 2018 Form 10-K. Under Armour's income statement reported 2018...

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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 sheet reported inventories of $917,546 thousand in 2018 and $1,042,693 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 $203.9 million of pre-tax charges in connection with our restructuring plan. The costs incurred during the year ended December 31, 2018, include the following: Costs recorded in cost of goods sold ($ thousands) 2018 $20,801 $20,801 Inventory write-offs Total cost recorded in cost of goods sold 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 $ 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 thousand. Note: Do not round until your final answer; round your final answer to the nearest whole day. Days inventory outstanding: days c. If Under Armour had not written off inventory in 2018, what would it have reported for cost of goods sold in 2018? $ d. If Under Armour had not written off inventory in 2018, what would have been the inventory balances in 2018 and 2017? 2018 inventory balance $ thousand 2017 inventory balance $ thousand thousand 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 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 sheet reported inventories of $917,546 thousand in 2018 and $1,042,693 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 $203.9 million of pre-tax charges in connection with our restructuring plan. The costs incurred during the year ended December 31, 2018, include the following: Costs recorded in cost of goods sold ($ thousands) 2018 $20,801 $20,801 Inventory write-offs Total cost recorded in cost of goods sold 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 $ 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 thousand. Note: Do not round until your final answer; round your final answer to the nearest whole day. Days inventory outstanding: days c. If Under Armour had not written off inventory in 2018, what would it have reported for cost of goods sold in 2018? $ d. If Under Armour had not written off inventory in 2018, what would have been the inventory balances in 2018 and 2017? 2018 inventory balance $ thousand 2017 inventory balance $ thousand thousand 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

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a The 2018 inventory writeoff reduced pretax income during 2018 by 20801 thousand b To calculate inventory turnover we can use the formula Inventory T... View the full answer