Inventory turnover is 4 times and accounts receivable turnover is 10 times. The accounts receivable balance is 15,000. How much is the value of credit sales? 15,000 1,500 150,000 1,500,000

1. Use the formula for accounts receivable turnover:
\text{Accounts Receivable Turnover} = \frac{\text{Credit Sales}}{\text{Average Accounts Receivable}}

2. Substitute the given values into the rearranged equation to solve for credit sales:
\text{Credit Sales} = \text{Accounts Receivable Turnover} \times \text{Average Accounts Receivable}

3. Substitute the known values:
\text{Credit Sales} = 10 \times 15,000

4. Calculate the result:
\text{Credit Sales} = 150,000

Therefore, the value of credit sales is 150,000.