A Mutual Fund Had Average Daily Assets of $4

A mutual fund had average daily assets of $4.7 billion in 2018. The fund sold $2.2 billion worth of stock and purchased $3.6 billion worth of stock during the year. The fund's turnover ratio is

A) 37.5%.
B) 22.6%.
C) 15.3%.
D) 46.8%.
E) 20.7%.