Step 1: Rearrange the equation to separate the variables \( y \) and \( x \):
\[
\frac{dy}{dx} = \frac{x^2 + y^2}{2xy} \quad \Rightarrow \quad \frac{dy}{dx} = \frac{1}{2} \left( \frac{x}{y} + \frac{y}{x} \right)
\]
Step 2: Now, separate the variables:
\[
\frac{dy}{\left( \frac{y}{x} + \frac{x}{y} \right)} = \frac{1}{2} dx
\]
Step 3: Integrate both sides and solve for \( y \) in terms of \( x \).
Thus, the solution is obtained by performing the integration and solving the equation.