Assuming that the listed intangible assets are not real, what is that ratio for
ID: 2331260 • Letter: A
Question
Assuming that the listed intangible assets are not real, what is that ratio for nonfinancial firms? (Round your answer to 4 decimal places) Liabilities and Net Worth Assets $Billion %Total $Billion %Total Real assets Liabilities Equipment & intellectual property Real estate Inventories $6,200 10,166 17.7% 29,0% Bonds and mortgages Bank loans Other loans Trade debt Other $7.905 654 1,072 1,996 4.275 $15,902 22.6% 1.9% 3.1% 57% 12.2% 45.4% 2,203 6.3 Total real assets $18,569 53.1% Financial assets Total liablities Deposits and cash Marketable securities Trade and consumer credit Other $1,040 838 2.581 11.969 $16,428 $34,997 3.0% 2.4% 7.4% 34.2% 46.9% 100.0% 19,094 $34,997 54.6% 100.0% Total financial assets Net worth Total Note: Column sums may difler from total because of rounding error. Souroe: Flow of Funds Accouss of the United States, Board of Govermors of the Federal Reserve Syste m Jume 2014Explanation / Answer
Answer:
Total Real Assets = $18,569 Billion
Total Assets = $34,997 Billion
The ratio of Real assets to Total assets = $18,569 Billion / $34,997 Billion = 0.5306