E1-39B. (Learning Objectives 3, 4: Evaluating a business; advising a business) This exercise should be used in

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E1-39B. (Learning Objectives 3, 4: Evaluating a business; advising a business) This exercise should be used in conjunction with Exercises 1-36B through 1-38B.

The owner of Express Copy Center now seeks your advice as to whether he should cease operations or continue the business. Complete the report giving him your opinion of net income, dividends, financial position, and cash flows during his first month of operations. Cite specifics from the financial statements to support your opinion. Conclude your memo with advice on whether to stay in business or cease operations.

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