Explain the term 'working capital' and provide critical assessment of working capital management of the NEXT company for the last two consecutive years (2023, 2022). 

 What are the major elements of working capital? Describe the working capital cycle.

 What is Operating Cash Cycle (OCC)?

 How can the company reduce it?  Why effective working capital management is important for the financial success of the company. 

 Also explain, how the dividend policy of a company may affect working capital management of a company. 

 Calculate the value of an ordinary share in the company, using one of these methods; the net assets method, the P/E ratio method or the free cash flow method.  You are expected to use the relevant indicators including some numerical calculations to support your analysis.