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 transmission in your car is an example of a gear reducer. In first gear, the fast rotation of the engine is translated into slow rotation with high torque, and in fifth gear the output gear rotates quickly but with low torque. You can calculate the output torque using a figure called the gear ratio of the reducer.