PENGARUH LIKUIDITAS DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN FOOD AND BEVERAGES DI BEI

Abstract

This research aimed to examine and analyze the effect of liquidity and working capital turnover on profitability of food and beverages companies which were listed on Indonesia Stock Exchange for 3 years, starting form 2015 to 2017. While, liquidity was referred to Current Ratio (CR), working capital turnover was referred to Working Capital Turnover (WCT), and profitability which referred to Return on Assets (ROA). Moreover, the research was quantitative. Furthermore, the data collection technique used purposive sampling, in which the sampel was based on criteria given. In addition, there were 11 food and beverages companies as sample, which were listed on Indonesia Stock Exchange. The data analysis technique used multiple linear regression with classical assumption test, f test, t tet, and SPSS 22. The research result cocluded the liquidity which was referred to Current Ratio (CR) had insignificant effect on the profitability. On the other hand, working capital turnover which was referred to Working Capital Turnover (WCT) had significant effect on the profitability.
Keywords : current ratio, working capital turnover, return on asset