Examine the balance sheets given in Table 1.3 and Table 1.4.

a. What is the ratio of real assets to total assets for commercial banks? (Round your answer to 2 decimal places.)

Ratio of real to total assets:

b. What is that ratio for nonfinancial firms? (Round your answer to 2 decimal places.)

The ratio for nonfinancial firms:

TABLE 1.3 Balance sheet of commercial banks, 2011 Liabilities Assets Billion Total and Net Worth Billion Total Real assets Liabilities Equipment and premises 110.4 0.9% Deposits 8,674.6 71.4% Other real estate 46.6 0.4 Debt and other borrowed funds 1,291.8 10.6 157.0 1.3% Federal funds and repurchase agreement 499.1 4.1 ts Total real assets Other 308.4 2.5 $10,773.9 88.6% Total liabilities Financial assets 1,066.3 8.8% Cash 2,406.1 19.8 Investment securities Loans and leases 6,279.1 51.6 Other financial assets 1,153.9 9.5 Total financial assets $10,905.4 89.7% Other assets Intangible assets 373.9 3.1% Other 721.0 5.9 1.383.4 11.4 Total other assets 1,094.9 9.0 Net worth Total $12,157.3 100.0% $12,157.3 100.0% Note: Column sums may differ from total because ofrounding error. Source: Federal Deposit Insurance Corporation, www.fdic.gov,July 2011