Question: How would I use the attached formula to complete the attached table by finding the Tax Cost Ratios? I am not sure how to use

How would I use the attached formula to complete the attached table by finding the Tax Cost Ratios? I am not sure how to use the Security Sales or Expense Ratio here.

1 Consider the following trading and performance data for four different equity mutual funds: 2 Fund W Fund X Fund Y Fund Z 3 (mil) $289.4 653.7 $1298.4 $5567.3 4 Security Sales, past 12 months (mil) $37.2 $569.3 $1453.8 $437.1 5 Expense Ratio 0.33% 0.71% 1.13% 0.21% 6 Pretax Return, 3-year avg. 9.98% 10.65% 10.12% 9.83% 7 Tax-adjusted Return, 3-year avg. 9.43% 8.87% 9.34% 9.54% 8 TAX COST RATIO:Tax Cost Ratio = 1 - {(1 + TAR)/(1 + PTR) } x 100

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