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.

 

 

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Table 1 (Expressed in Thousands) Arkansas CAFRS Total current assets Total current liabilities Total Expenses Charges for Services Operating Grants and Contributions Total General Revenues 2017 GA TPG BA TPG 5376235 2593887 7970122 5638224 2959461 8597685 1469453 554876 2024329 1611130 600909 2212039 16884885 4773804 21658689 16710935 4988377 21699312 1262738 3257413 4520151 1263683 3279076 4542759 7691132 784516 8475648 7477492 796739 8274231 BA 2018 GA 7255739 963337 8219076 7712545 1054380 8766925 2019 GA BA TPG 6319642 3201375 9521017 1674890 606158 2281048 17083026 5049458 22132484 1279492 3371765 4651257 7719932 811887 8531819 8203793 1082277 9286070 Table 1 (Expressed in Thousands) Arkansas CAFRS Total current assets Total current liabilities Total Expenses Charges for Services Operating Grants and Contributions Total General Revenues 2017 GA TPG BA TPG 5376235 2593887 7970122 5638224 2959461 8597685 1469453 554876 2024329 1611130 600909 2212039 16884885 4773804 21658689 16710935 4988377 21699312 1262738 3257413 4520151 1263683 3279076 4542759 7691132 784516 8475648 7477492 796739 8274231 BA 2018 GA 7255739 963337 8219076 7712545 1054380 8766925 2019 GA BA TPG 6319642 3201375 9521017 1674890 606158 2281048 17083026 5049458 22132484 1279492 3371765 4651257 7719932 811887 8531819 8203793 1082277 9286070

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Based on the information you have provided the operating ratio for governmental activities GA in 201... View the full answer