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. 
Definitions:
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The largest of the three pyramids at Giza, Egypt, built as a tomb for Pharaoh Khufu (Cheops) around 2580-2560 B.C.
Water Reservoirs
Artificial or natural lakes used for the storage and regulation of water for purposes such as human consumption, irrigation, and industrial use.
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A comprehensive perspective through which individuals or groups interpret and interact with the world around them, encompassing beliefs, values, and customs.
Internal Factors
Elements within an organization or system that influence its operations, such as employee skills, corporate culture, and management policies.
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