The thing with ratios is you need to have the same units of measurement before simplifying it. But in our given, both has the same unit of measurement so it is easy to find it.
So 5/4 inches: 2/3 inches
Get the lcd of these two fractions which is 12, then multiply this to the lcd.
5/4 x 12: 2/3 x 12
15: 4 would be the simplest form.