Statement (A) : Dimensional formula for area is $\left[M^0{L}^2{T}^0\right]$

            Statement (B) : Dimensional formula for speed is $\left[M^0{L}^1{T}^{-1}\right]$

Area is a concept of 2 dimensions and so L^2 and rest of it is zero. Speed is length over time and LT^-1 but they don't have any relation with respect to each other