PENGARUH RASIO LIKUIDITAS, AKTIVITAS, DAN STRUKTUR MODAL TERHADAP PROFITABILITAS

Abstract

This research aimed to examine the effect of ratio, liquidity, activity, and capital structure on the profitability
which were measured by current ratio, total assets turnover, debt to equity ratio, and return on equity.The
research was quantitative with casual-comparative as the approach. While, the sampling collection technique
used saturated samples, in which all members of the population were taken as samples. Moreover, based on the
sampling technique, four cigarette companies were listed on the Indonesia Stock Exchange 2011-2017, as
sample. In addition, the data analysis technique used multiple linear regression with SPSS program (Statistical
Product and Service Solutions).Based on the results of classical assumption test, it concluded there was no
violation. While, form the proper model test result, it concluded the test could be properly used. Furthermore,
form the hypothesis test result, it concluded the liquidity had negative and significant effect on the probability of
cigarette companies. Likewise, the capital structure had negative and significant effect on the profitability of
cigarette companies. On the other hand, the activity ratio had positive and significant effect on the probability in
cigarette companies.
Keywords : liquidity, activity, capital structure, profitability