Answer:
Ratios are fractions, right? Set the two fractions equal to each other and then cross-multiply them. If each side of the equation is equal, then the ratios are equal; if not, then the ratios are not equivalent.
Ex. 1
Comparing ratios 4:2 and 2:1

Cross-multiplying, we get 4 = 4, but we can also simplify each side of the equation to get 2 = 2.
Ex. 2
Comparing ratios 3:5 and 6:7

Cross-multiply, we get 21 = 30, so the ratios are not equal. This is an example of a case where you can't simplify the ratios.
Ex. 3
Comparing rations 5:12 and 10:24

Cross-multiply, 120 = 120 so the ratios are equal.
Hope this helps!