Consider the following trading and performance data for four different equity mutual funds: Fund W Fund X Fund Y Fund Z Assets under Management, $293.2 $659.9 $1,296.3 $5,553.6 Avg. for Past 12 months (mil) Security Sales, $41.0 $566.1 $1,456.8 $431.1 Past 12 months (mil) Expense Ratio 0.32% 0.69% 1.19% 0.20% Pretax Return, 3-year avg. 9.77% 10.60% 10.22% 9.70% Tax-adjusted Return, 3-year avg. 9.06% 8.88% 9.41% 9.34% 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: % Which two funds are most likely to be actively managed and which two are most likely passive funds? -Select- are most likely passively managed portfolios; -Select- are most likely to be actively managed. 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: % Which funds were the most and least tax efficient in the operations? -Select- were the most tax efficient and -Select- were the least tax efficient.