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What year of the operation ratio for governmental activities (GA) represents the healthiest budgetary solvency indicator? And why? Please explain it based on the ratio
What year of the operation ratio for governmental activities (GA) represents the healthiest budgetary solvency indicator? And why? Please explain it based on the ratio results. Please be detail and explain
Table 2 \begin{tabular}{|c|l|l|l|l|l|l|l|l|l|l|} \hline & 2017 & \multicolumn{2}{l|}{2018} & \multicolumn{2019}{l}{} \\ \hline Arkansas CAFRs & GA & BA & TPG & GA & BA & TPG & GA & BA & TPG \\ \hline Current ratio & 3.66 & 4.67 & 3.94 & 3.50 & 4.92 & 3.89 & 3.77 & 5.28 & 4.17 \\ \hline Operating ratio & 0.96 & 1.05 & 0.98 & 0.98 & 1.03 & 0.99 & 1.01 & 1.04 & 1.02 \\ \hline \end{tabular}Step by Step Solution
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