you have individual gear ratio's, which are something like 3.25 for first, 2.05 for 2nd, etc, and then you have a final drive, say, like 4.063
the individual gears determine how close ratio your trans is, as in, how many RPM's you drop from the first to second shift, and second to third. One other note on individual gears, a gear that is lower than 1, like a .73th 5th gear, is called an overdriven gear (you know, the term overdrive, that's what that means).
to get your overall ratio like the 12.xx you mention, that's when you take an individual gear and multiply it by the final drive. it basically means that at 12.xx overall gear, your engine will spin 12.xx more than the trans? Someone will tell you better this part
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96 Saturn SL2 Turbo (evil SL2)
My cardomain site: cardomain.com/memberpage/702872
T3 60 trim + 4 PSI + crappy tires = 14.47 @ 99 MPH and 31 MPG