Which of the following best describes the objective to ensure efficient cash management and contributing towards maximization of shareholders wealth?

1)	Shorten the average payment period, shorten the average collection period and lengthen the cash conversion cycle

2)	Lengthen the average payment period, lengthen the average collection period and shorten the cash conversion cycle

3)	Lengthen the average payment period, shorten the average collection period and shorten the cash conversion cycle

4)	Lengthen the average payment period, shorten the average collection period and lengthen the cash conversion cycle