Table 19-1 Linda and Sandy Own the Preppy Puppy, a Dog Grooming

question 40

Multiple Choice

Table 19-1
$\begin{array}{|c|c|c|}\hline & \text { Bathing } & \text { Grooming } \\\hline \text { Linda } & 60 & 20 \\\hline \text { Sandy } & 50 & 25\\\hline\end{array}$ Linda and Sandy own The Preppy Puppy, a dog grooming business. Table 19-1 lists the number of dogs Linda and Sandy can each bathe and groom in one week.
-Refer to Table 19-1.Select the statement that accurately interprets the data in the table.

• A) Linda has an absolute advantage in dog bathing and Sandy has an absolute advantage in dog grooming.
• B) Sandy has an absolute advantage in dog bathing and Linda has an absolute advantage in dog grooming.
• C) Sandy has an absolute advantage in dog bathing and dog grooming.
• D) Linda has an absolute advantage in dog bathing and dog grooming.

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Definitions:

Earnings Per Share

A company's net profit divided by the number of its shares outstanding, indicating the amount of earnings attributable to each share of stock.

Payment Date

The date on which a dividend check is mailed.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Cash Dividend

A payment made in cash to shareholders, typically distributed from a company's earnings.