I have attched picture of the article
Please read this article
before posting your initial comment and a reply to another student's
comment. You will not see the comments of other students until yours is posted. Questions to
Consider 1. What does the "write-down" mean? 2. What journal entry would Abercrombie \&
Fitch have made to write down its merchandise inventory during the year ended January 30,2016
? 3. What impact would the write-down of inventory have had on Abercrombie's assets?
Liabilities? Equity? 4. What impact would the write-down of inventory have had on
Abercrombie's expenses? Gross margin? Net income? 5. What impact, if any, would the write-
down of inventory have had on Abercrombie's current ratio? 6. From an investor standpoint, do
you think that the effect of the inventory write-down should be considered when evaluating
Abercrombie \& Fitch? Explain.
Aberoronbie \& Fitoh mexehandisn invertoky? milion.