Liposide is having a great year. Last year$$s influencer led marketing campaigns means they are seeing a surge in interest in their beauty product. They are expecting a demand of $20$ lac units @ Selling Price Rs$\mathrm{.}200$ per unit. This has helped in reducing their costs per unit. They have decided to follow through on their promise of being a worker forward company and increase their wages. The expected ratios of cost to selling price are:

Raw materials $20\%$

Direct Wages $25\%$

Manufacturing Overheads $15\%$

The raw materials ordinarily remain in storage for $1$ month before production. Every unit of production remains in process $($WIP$)$ for $2$ months. Finished goods remain in the warehouse for $2$ months. Credit allowed by creditors is $2$ months from the date of delivery of raw materials and credit given to debtors is $3$ months from the date of dispatch. All sales are assumed to be credit sales.

$1)$ Prepare a statement of Working Capital.

$2)$ Recommend a few measures to optimize and improve the same.