Valiant Corporation has $1,800,000 in total liabilities, $800,000 of which are current. Valiant has $400,000 of cash and cash equivalents; $300,000 of other current assets; and $2,000,000 in property, plant, and equipment.

Calculate Valiant's debt to equity ratio.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?