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Assume a FedEx Kinko's at the University of Saskatchewan ended the month of July 2014 with this data:

The owner of the FedEx Kinko's now seeks your advice as to whether the University of Saskatchewan store should cease operations or continue operating. Write a report giving the owner your opinion of operating results, dividends, financial position, and cash flows during the company's first month of operations. Cite specifics from the financial statements to support your opinion. Conclude your report with advice on whether to stay in business or cease operations.

Options are (successful or unsuccessful) (strong or weak)

(Happy or Unhappy)

(Insecure or secure)

i Data Table - X i Data Table -X rations Conclu ds, finan Assets FedEx Kinko's at University of Saskatchewan Balance Sheet July 31, 2014 , Liabilities $ 8,100 Accounts payable 36,000 Shareholders' Equity Common shares Cash $ 3,200 Equipment operati FedEx Kinko's at University of Saskatchewan Income Statement Month Ended July 31, 2014 Revenue Service revenue $ 14,000 Expenses: Salary expense $ 4,000 Utilities expense 200 Rent expense 700 Office supplies expense 1,200 Total expenses 6,100 $ 7,900 Net income 35,000 5,900 Retained earnings Total shareholders' equity 40,900 44,100 $ 44,100 $ Total assets Total liabilities and shareholders' equity Print Done Print Done EDE Data Table -X - X Data Table eid leid th urin pp brt osition, FedEx Kinko's at University of Saskatchewan Statement of Retained Earnings Month Ended July 31, 2014 Retained earnings, July 1, 2014 $ 0 Add: Net income for the month 7,900 Less: Dividends (2.000) $ 5,900 Retained earnings, July 31, 2014 $ 7,900 3,200 11,100 nth JOH FedEx Kinko's at University of Saskatchewan Statement of Cash Flows For the Month Ended July 31, 2014 Cash flows from operating activities: Net income Adjustments to reconcile net income to cash provided by operations Net cash provided by operating activities Cash flows from investing activities: $ Acquisition of equipment Net cash used for investing activities Cash flows from financing activities: Issuance (sale) of shares to owners Payment of dividends Net cash provided by financing activities Net increase in cash sa (36,000) Print Done (36,000) pa tivit 35,000 (2,000) he University of Saskatchewan store operating. 33,000 S 8,100 sw Drint Nona TO: Owner of FedEx Kinko at University of Saskatchewan Student Name FROM SUBJECT: Opinion of operating results, financial position, and cash flows Your first month of operations appears to have been Revenues totalled and net income was s These operating results look very The store was able to pay a dividend, and this should make you with so quick a return on your investment Your financial position looks with assets of sand liabilities of only $. Your shareholders' equity is $0