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%.
For example, if we divide a ring gear with 41 teeth by a pinion gear with 10 teeth we find that the gear ratio is 4.10:1 (41/10 = 4.10). Tire diameter will also have an effect on a vehicle's final drive ratio. As tire diameter changes, so will engine rpm at a given speed. We can demonstrate this with the simplified formula: rpm = (mph x final gear ratio x 336*) / tire diameter (*see Formulas for Success sidebar).