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turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8% Solution turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8%.

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turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8% Solution turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8%

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  • 1. turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8% Solution turnover ratio=Average assets sold by the fund/Average daily assets which is equal to =($413*1,000,000)/($3.5*1,000,000,000) which is equal to =11.8%