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Replacing TRUE and FALSE with more meaningful text in date compare formula

Column B and Column D contain date/time stamps. I am using this formula below to check whether the date in Column B is newer than the one in Column D, and Column E gives TRUE or FALSE results:

=($B2)/($D2)>1

I would like a formula that replaces TRUE and FALSE results with more meaningful text as follows:

If FALSE, then "Book okay"
IF TRUE, then "Update book"

Thanks,
Andrea
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Saqib Husain
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Andreamary

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Thanks for your quick response...works perfectly!

Andrea