JVN, Inc. has the following balance sheet at the end of the year: JVN owns $7,500 of material used on various client projects. JVN owns office equipment totaling $80,550. Clients owe $28,275 for completed projects. JVN has a cash balance of $12,500. JVN owes $35,000 to the bank. JVN owes suppliers $19,450. Calculate the firms total assets. Calculate the firms total liabilities. Calculate the firms net assets. Calculate the firms debt to equity ratio..