The answer depends on what you want to turn into a fraction. And, incidentally, I do not turn into a fraction.
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The answer is yes, 1367 is equivalent grades.
1367 x 514 = 702638
IS1367 CL4.6 equivalent ASTM Grade
When you turn a fraction over you get a reciprocal.
you can't turn a reminder in to a fraction
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There are 5280 feet in one mile. Therefore, 1367 feet is equal to 1367/5280 = 0.2589015 recurring (that is, 0.25890151515...) miles.