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Help der 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

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der 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 ported 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 critical riorities of our business and optimize operations. We recognized approximately $203.9 million of pre-tax charges in connection with our restructuring plan. The costs curred during the year ended December 31, 2018, include the following: Costs recorded in cost of goods sold ($ thousands) 2018 Inventory write-offs $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 decreased pretax income during 2018 by $ 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: 139 x days

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