Questions: Which of the following measures the length of time it takes to acquire, sell, and replace inventory? O. inventory turnover O. retail method of inventory costing Oc. gross profit method of inventory costing Od. days' sales in inventory

The answer is the last one (Od): days' sales in inventory.

Explanation for each option:

• Inventory turnover: This measures how many times a company's inventory is sold and replaced over a period. It does not measure the length of time it takes to acquire, sell, and replace inventory.
• Retail method of inventory costing: This is a method used to estimate the value of ending inventory and cost of goods sold. It does not measure the length of time it takes to acquire, sell, and replace inventory.
• Gross profit method of inventory costing: This is another method used to estimate the value of ending inventory and cost of goods sold based on the gross profit ratio. It does not measure the length of time it takes to acquire, sell, and replace inventory.
• Days' sales in inventory: This measures the average number of days it takes for a company to sell its entire inventory during a specific period. This directly relates to the length of time it takes to acquire, sell, and replace inventory.

Summary: The measure that indicates the length of time it takes to acquire, sell, and replace inventory is days' sales in inventory.