Activity-Based Costing: Activity-based costing is the method to analyze the each activity according to the specified costs. The cost of the activity is defined on the basis of the products and services are consumed by them. Just-in-time Inventory: The innovation that reduced the cost of inventory very effectively, just-in-time inventory system is based on the concept to buy or manufacture the goods just at time of sale. Balanced Scorecard Approach: The trade-off between innovations and cost effectiveness is called balanced scorecard approach. Sometimes managers focus too much on innovations that result in extra costs or wastes of business funds. So to avoid that situation the balanced scorecard approached is implemented. Value Chain: Set of steps that business organization considers to hand over the finished product to individual customer is called as value chain analysis. To Identify: The option, best suitable to the description.

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Chapter 19, Problem 19.18E

To determine

Activity-Based Costing: Activity-based costing is the method to analyze the each activity according to the specified costs. The cost of the activity is defined on the basis of the products and services are consumed by them.

Just-in-time Inventory: The innovation that reduced the cost of inventory very effectively, just-in-time inventory system is based on the concept to buy or manufacture the goods just at time of sale.

Balanced Scorecard Approach: The trade-off between innovations and cost effectiveness is called balanced scorecard approach. Sometimes managers focus too much on innovations that result in extra costs or wastes of business funds. So to avoid that situation the balanced scorecard approached is implemented.

Value Chain: Set of steps that business organization considers to hand over the finished product to individual customer is called as value chain analysis.

To Identify: The option, best suitable to the description.

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Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact, would the write-down of inventory have had on Abercrombie's current ratio?

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