An active portfolio manager sold $90 million of stocks in a year.If the portfolio had an average value of $110 million in assets under management what is the portfolio turnover ratio?

Name: An active portfolio manager sold $90 million of stocks in a year.If the portfolio had an average value of $110 million in assets under management what is the portfolio turnover ratio?
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portfolid Turnorer =(Dollar value of securties sold)(Average Aollar value of assets maneged)
$=$ 190 millian/410 millian $= 81.8 \%$

An Active Portfolio Manager Sold $90 Million of Stocks in a Year.If