Figure 4
Aggregate Corporate Balance Sheets
Growth of Sales
Note. Firm-level sales were deflated by the chain-weighted GDP price deflator (2000=100).
Data are seasonally adjusted.
1 All nonfinancial corporations.
Leverage
Percent
Note. Data are seasonally adjusted.
1 Median book value of long-term debt relative to market value of equity weighted by firm sales.
2 Book value of bonds and mortgages relative to market value of equity for all nonfinancial
corporations.
17
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