Answer the following questions using the information below:
For last year, Lewisburn Manufacturing reported the following:
-What was Lewisburn's operating income?
Definitions:
Payables Period
The length of time a company takes to pay its invoices to suppliers, reflecting its payment policy's efficiency.
Accounts Receivable Balance
The sum total of debts customers have towards a company for delivered goods or services which have not been paid for yet.
Wholesale Cost
The price charged for a product by the wholesaler, which is typically lower than the retail price.
Accounts Payable Balance
The total amount of money a company owes to its suppliers or creditors at a given point in time.
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