Explain the Working Capital Cycle of a manufacturing firm. Make sure that you define all key terms that you use. Create your own fictitious example from an industry of your own choice to illustrate the concept (in writing and in a graph). Include suitable ratios in your explanations and demonstrate with fictitious but consistent numbers how to measure the performance of a firm with regard to net working capital management.

For calculations, please show your calculation approach to receive full credit.
The answer should be based on the course materials. No reference list required.