Consider the following trading and performance data for four different equity mutual funds: Fund W Fund X Fund Y Fund Z $297.6 $664.3 $1,288.6 $5,565.7 $41.0 $565.0 $1,467.6 $423.4 Assets under Management, Avg. for Past 12 months (mil) Security Sales, Past 12 months (mil) Expense Ratio Pretax Return, 3-year avg. Tax-adjusted Return, 3-year avg. 0.31% 0.74% 1.17% 0.27% 9.85% 10.40% 10.10% 9.73% 9.30% 8.72% 9.32% 9.56% a. Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: % Fund X: % Fund Y: % Fund Z: % b. Which two funds are most likely to be actively managed and which two are most likely passive funds? -Select- vare most likely passively managed portfolios; -Select- vare most likely to be actively managed. c. Calculate the tax cost ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: % Fund X: % Fund Y: % Fund Z: % d. Which funds were the most and least tax efficient in the operations? -Select- v were the most tax efficient and -Select- v were the least tax efficient