University Of Texas At Austin Operations And Supply Chain Management Assignment Help - Haverty Industries
Question - Haverty Industries increased its gross profit rate from 18.4% in 2013 to 23.7% in 2014. W hich of the following would be a possible explanation for this change? A) Haverty's global sourcing efforts at the beginning of 2014 resulted in a lower cost of merchandise sold. B) Haverty's new profit lines with lower margins in 2014 became a larger component of their sales. C) Haverty increased its product markdowns in 2014. D) Haverty's average margin between the selling price and the inventory cost decreased over this two-year period.
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