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With en-US locale i get text if I enter "0.04/12" (no quotes) which I would expect. This is not like @Alex Kemp.

With = it calculates the formula.

With en-US locale i get text if I enter "0.04/12" (no quotes) which I would expect. This is not like @Alex Kemp.

With = it calculates the formula.

If I format the cell as Date and enter "=0.04/12" (no quotes) I get "12/30/99" not "4/12/2015" which is also expected.

From my point I have no idea what happened and can not replicate any thing.

I'm using LO 4.4.4 on Win7, you did not mention your LO version.