Question: Interpret the operating ratio for governmental activities (GA) in 2018. Did the government meet the balanced budget? Why do you think so? Please explain it

Interpret the operating ratio for governmental activities (GA) in 2018. Did the government meet the balanced budget? Why do you think so? Please explain it based on the ratio result

Interpret the operating ratio for governmental activities (GA) in 2018. Did the

Table 1 \begin{tabular}{|c|l|l|l|l|l|l|l|l|l|l|} \hline (Expressed in Thousands) & \multicolumn{2}{|l|}{2017} & 2018 & \multicolumn{2}{l|}{2019} \\ \hline Arkansas CAFRs & GA & BA & TPG & GA & BA & TPG & GA & BA & TPG \\ \hline Total current assets & 5376235 & 2593887 & 7970122 & 5638224 & 2959461 & 8597685 & 6319642 & 3201375 & 9521017 \\ \hline Total current liabilities & 1469453 & 554876 & 2024329 & 1611130 & 600909 & 2212039 & 1674890 & 606158 & 2281048 \\ \hline Total Expenses & 16884885 & 4773804 & 21658689 & 16710935 & 4988377 & 21699312 & 17083026 & 5049458 & 22132484 \\ \hline Charges for Services & 1262738 & 3257413 & 4520151 & 1263683 & 3279076 & 4542759 & 1279492 & 3371765 & 4651257 \\ \hline OperatingGrantsandContributions & 7691132 & 784516 & 8475648 & 7477492 & 796739 & 8274231 & 7719932 & 811887 & 8531819 \\ \hline Total General Revenues & 7255739 & 963337 & 8219076 & 7712545 & 1054380 & 8766925 & 8203793 & 1082277 & 9286070 \\ \hline \end{tabular} Table 1 \begin{tabular}{|c|l|l|l|l|l|l|l|l|l|l|} \hline (Expressed in Thousands) & \multicolumn{2}{|l|}{2017} & 2018 & \multicolumn{2}{l|}{2019} \\ \hline Arkansas CAFRs & GA & BA & TPG & GA & BA & TPG & GA & BA & TPG \\ \hline Total current assets & 5376235 & 2593887 & 7970122 & 5638224 & 2959461 & 8597685 & 6319642 & 3201375 & 9521017 \\ \hline Total current liabilities & 1469453 & 554876 & 2024329 & 1611130 & 600909 & 2212039 & 1674890 & 606158 & 2281048 \\ \hline Total Expenses & 16884885 & 4773804 & 21658689 & 16710935 & 4988377 & 21699312 & 17083026 & 5049458 & 22132484 \\ \hline Charges for Services & 1262738 & 3257413 & 4520151 & 1263683 & 3279076 & 4542759 & 1279492 & 3371765 & 4651257 \\ \hline OperatingGrantsandContributions & 7691132 & 784516 & 8475648 & 7477492 & 796739 & 8274231 & 7719932 & 811887 & 8531819 \\ \hline Total General Revenues & 7255739 & 963337 & 8219076 & 7712545 & 1054380 & 8766925 & 8203793 & 1082277 & 9286070 \\ \hline \end{tabular}

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