Consider the following trading and performance data for four different equity mutual funds: a. Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. FundW:FundX:FundY:FundZ:%%%% b. Which two funds are most likely to be actively managed and which two are most likely passive funds? are most likely passively managed portfolios; are 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? were the most tax efficient and were the least tax efficient