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%.
Usually a whole number and decimal fraction, the drive-axle ratio is a comparison of the number of gear teeth on the ring gear of the rear axle and the pinion gear on the driveshaft. For example, a 4.11:1 ratio means there are 4.11 teeth on the axle's ring gear for each tooth on the driveshaft's pinion gear.