PENGARUH ARUS KAS, PERPUTARAN PIUTANG, PERPUTARAN MODAL KERJA DAN PERTUMBUHAN PENJUALAN TERHADAP LIKUIDITAS

Abstract

This research aimed to find out the effect of cash flow, receivable turnover and working capital turnover, and
sales growth on liquidity at Food and Beverages companies in Indonesia Stock Exchange 2013-2017. The
research was quantitative. While, the population was eighteen Food and Beverages companies which were listed
on Indonesia Stock Exchange 2013-2017. Moreover, the sampling collection technique used purposive sampling
with ten Food and Beverages companies as sample, which were listed on Indonesia Stock Exchange 2013-2017.
In addition, the data analysis technique used multiple linear regression. The research result concluded cash flow
had positive and insignificant effect on liquidity. While, receivable turnover had positive and significant effect
on liquidity. Likewise, the sales growth had positive and significant effect on liquidity. On the other hand, the
working capital turnover had negative and significant effect on liquidity.
Keywords: cash flow, receivable turnover, working capital turnover, sales growth, liquidity.