Echoing have it set up for the reason JeffS65 and others have suggested. 

A Squier Bullet anything is going to have a rudimentiary factory setup to spec OOTB unless the shop you bought from does one. Most don't unless you're walking in for a $4 - 15k guitar personal pickup IME. e.g. I recently enjoyed another bought online and shipped to me NGD of a cheapie but a goodie SSS Strat equivalent of a Squier Classic Vibe. It was reasonably set up and almost playable out of the box except for the intonation on the G string being out rendering fretted notes flat and open chords where the G string was fretted (B7) sounding off. A setup addresses issues like that.

Bullets come prefitted with Fender .009-.042 strings OOTB. They're fine.

Do yourself a huge favour and buy yourself a can of Tone Finger-ease straight away. Your fingertips will thank me in a week.