Use the following information for Shafer Company to compute inventory turnover for year 2. 
Definitions:
Hazardous Waste Site
A specific location where hazardous waste is stored, treated, or disposed of, often requiring cleanup due to its dangerous nature.
Potentially Responsible
Refers to parties who may be liable or obligated to address a situation or remedy a problem, often used in legal contexts.
Means Test
A procedure used to determine eligibility for certain types of government assistance or legal aid, based on the financial situation of the applicant.
Chapter 7
A bankruptcy provision under U.S. law that involves the liquidation of a debtor's assets to pay off creditors.
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