PENGARUH LEVERAGE, LIKUIDITAS, DAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to determine, analyze and examine the effect of leverage, liquidity and work capital on profitability. Leverage was proxy by Debt to Asset Ratio (DAR), liquidity was proxy by Current Ratio (CR), and work capital was proxy by Working Capital Turnover (WCT). The data collection technique used purposive sampling. In line with that, 26 Food and Beverages companies which were listed on Indonesia Stock Exchange during 2019- 2023 were taken as samples. Furthermore, the data analysis technique used multiple linear regression with SPSS program 26 version. The result indicates that the multiple linear regressions model is properly used, therefore it can be continued with further examination. In addition, it also shows that (a) H1 is accepted. This means that leverage has a significant effect on profitability; (b) H2 is rejected. It means that liquidity has an insignificant effect on profitability; and (c) H3 is rejected. In other words, work capital has an insignificant effect on profitability.