The study looked at how different financial ratios like current ratio, debt to equity ratio, debt to asset ratio, and inventory turnover affect the net profit of pulp & paper companies from 2017 to 2021. The researchers found that inventory turnover has an impact on net income, while current assets, debt to equity ratio, and debt to asset ratio do not significantly affect net profit during this period. Overall, these financial ratios explain 37.8% of the variation in net income, with the remaining 62.82% being influenced by other factors.