Given the following balance sheet, income statement, historical ratios and industry averages, calculate the Pulp, Paper, and Paperboard, Inc. financial ratios for the most recent year. Analyze its overall financial situation for the most recent year. Analyze its overall financial situation from both a cross-sectional and time-series viewpoint. Break your analysis into an evaluation of the firm's liquidity, activity, debt, and profitability.
Income Statement
Pulp, Paper and Paperboard, Inc.
For the Year Ended December 31, 2005 
Balance Sheet
Pulp, Paper and Paperboard, Inc.
December 31, 2005 
Historical and Industry Average Ratios
Pulp, Paper and Paperboard, Inc. 
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