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%.
This is made possible with the help of the rear differentialâs side gears and spiders. To put it simply, this mechanism is the one that decides the speed and the frequency of the turning of the axle and wheels in relation to the turning of the drive shaft. This is often referred to ring and pinion ratio. If for example you have a rear gear ratio of 3.73:1, this simply means that the drive shaft (which is connected directly to the pinion gear) is going to rotate 3.73 times to the wheels turning one, full rotation.