Step 1: Assume equal quantities
Let each glass contain \(300\) ml (for easy calculation).
Step 2: First glass (ratio \(2:1\))
Alcohol \(=\frac{2}{3}\times 300=200\) ml, Water \(=100\) ml.
Step 3: Second glass (ratio \(1:1\))
Alcohol \(=\frac{1}{2}\times 300=150\) ml, Water \(=150\) ml.
Step 4: Combine into third glass
Total Alcohol \(=200+150=350\) ml.
Total Water \(=100+150=250\) ml.
Step 5: Simplify ratio
Alcohol : Water \(=350:250=7:5\).
\[
\boxed{7:5}
\]