There are four cases.
[MATH]\text {CASE I: }x < 0 \text { and } y < 0 \implies |\ x \ | = -\ x \text { and } |\ y \ | = -\ y.[/MATH]
[MATH]x < 0 \text { and } y < 0 \implies \dfrac{x}{y} > 0 \implies \left | \ \dfrac{x}{y} \ \right | = \dfrac{x}{y}.[/MATH]
[MATH]\dfrac{x}{y} = \dfrac{x}{y} * 1 = \dfrac{x}{y} * \dfrac{-\ 1}{-\ 1} = \dfrac{-\ x}{-\ y} = \dfrac{|\ x \ |}{|\ y \ |}.[/MATH]
[MATH]\therefore \left | \ \dfrac{x}{y} \ \right | = \dfrac{|\ x \ |}{|\ y \ |}.[/MATH]
I'll let you figure out the other four cases.