Well, I guess what leads me to asking this is putting a DC coil in parallel with A 47.5K load. My first instinct is that the relay coil is going to take most of this load. According to the spec sheet, the load is 1 watt, so that means under 12V, it would be the equivalent to a 144 Ohm load. However, since it's an inductor, you cannot simply combine them like two resistors since the inductor stores energy and the resistor dissipates. The energy between the two branches has to equal. So to evaluate what the current will be on the 47.5K branch, I will have to see what the current will be when it dissipates 1W, correct?
Why does the energy have to be equal? The voltage drop across them has to be equal, but the current does not. P=V*I, so the power could be very different.
Assume you have a 12V source driving this circuit. When you first turn that circuit on, the inductor is an open so no current will flow through it. Energy begins to be stored in the inductor and current will flow following an exponential curve, but the voltage across it is always 12V, so the power dissipation will continue to increase until it hits steady state. What you have to know is the DC resistance of the coil to find the steady state current value. If the coil is, say, 100 ohms, then you know at steady state it will be sinking 12V / 100 ohms = 120mA, which also means it is dissipating 12V * 120mA = 1.44W. The current through the resistor is a separate issue as the principle of super position applies. The voltage across the resistor is always 12V, so the current through it is always 12V / 47.5k ohms = 0.25mA and the power is always 12V * 0.25mA = 3mW.
The transient period is a different story. The charging of the inductor follows this equation:
V = 12V
R = 100 ohms
t = time
L = inductance
tau = L/R
I = V/R * (1 - e^(-t/tau))
The current through and voltage across the inductor look like this:
The internal resistance is in series with the inductance, and the voltage across them changes exactly inversely of how the current charges in the inductor. Another way to say that is the voltage across the inductor when it is open is 12V and as it begins to charge the voltage tends to 0V. The voltage across the resistor is exactly the opposite. When the inductor is open, there is no current flowing and the resistor has no voltage drop (V = IR, I = 0 so V = 0). As a small amount of current begins to flow, a little less than 12V is across the inductor and a little more than 0V is across the resistor, but the total is always 12V. Eventually, at steady state, the voltage drop across the resistor is 12V and the drop across the inductor is 0V.