New licenses are not automatically issued for name and/or address changes. To receive a license with your new name and/or address, you must submit $10.00 per license with your request. Duplicate licenses can be paid for online at www.michigan.gov/elicense.
Gearing ratio indicates the extent to which debt financing is used relative to the total capital employed. 8 million, with the equity ratio standing at 40%, up from 35%, and the gearing ratio at 36%, up from 29%.
The ratio of a given pair of spur gears is calculated by dividing the number of teeth on the driven. gear, by the number of teeth on the drive gear. The gear ratio in fig. 6.3.1.9 shows a 36 tooth gear driving a 60 tooth gear.