Consider the following trading and performance data for four different equity mutual funds: a. Calculate the portfollo tumover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W Fund x : Fund Y : as Fund Z : b. Which two funds are most likely to be actively managed and which two are most likely passive funds? are most Ikely 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. a. Calculate the portfolio tumover 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? 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