Well, honey, to change 86.75 to a fraction, you need to consider the decimal point. 86.75 is the same as 86 and 75 hundredths. So, you can write it as 8675/100 to get it in fraction form. Reduce it down if you want, but that's the basic idea.
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A fraction is a ratio
To change 0.56 into a fraction, write it as a fraction and then simplify the fraction: 0.56 = 56/100 = 14/25
No.
To change a proper fraction into a decimal, divide the denominator into the numerator.