b. Assuming that the listed intangible assets are not real, what is that ratio for nonfinancial firms? (Table 1.4) (Round your answer to 4 decimal places.) The ratio for nonfinancial firms ____________

TABLE 1.4 Balance sheet of U.S. nonfinancial corporations Liabilities and Net Worth Assets Billion %Total Billion %Total Real assets Liabilities Equipment & intellectual property 6,200 10,166 2,203 $18,569 17 7% 290% 6.3% 53.1% Bonds and mortgages 7,905 654 1,072 1,996 4,275 $15,902 225% 1.9% 3.1% 5.7% 12.2% 45.4% Real estate Inventories Bank loans Other loans Trade debt Other Total real assets Financial assets Total liabilities Deposits and cash Marketable securities Trade and consumer credit Other $1,040 838 2,581 11,969 $16,428 $34,997 30% 2.4% 74% 34.2% 46.9% 100.0% 19,094 $34.997 54.6% 100.0% Total financial assets Net worth Total Note: Column sums may differ from total because of rounding error Source: Flow of Funds Accounts of the United States, Board of Governors of the Federal Reserve System, June 2014