PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR SEKTOR FOOD & BEVERAGES

Abstract

There is a problem that must be corrected in the food and beverage sector manufacturing companies listed on the Indonesia stock exchange in the 2014-2018 period, namely the problem of profitability. According to the researchers, the problem is caused by one of them being an empirical phenomenon based on the inconsistency of data, where the Current Ratio, Debt to Equity Ratio and profitability variables show fluctuating trends during the observation period, 2014-2018. This study aims to determine the effect of the current ratio (X1) on profitability (Y), the effect of debt to equity (X2) on profitability (Y), the effect of current ratio (X1) and debt to equity (X2) on profitability (Y) in companies the food and beverage manufacturing sector listed on the Indonesia stock exchange in the 2014-2018 period. This research uses quantitative research methods. The population in this study is the manufacturing companies Food and Beverages sectors that are listed on the Indonesia Stock Exchange in the period 2011-2015, amounting to 18 companies. Based on the population above, companies that meet all the criteria in this study there are 12 manufacturing companies in the Food and Beverages sector that can be taken as samples with 5 years of observation (2014-2018), in order to obtain 60 samples (12 companies x 5 years of observation). The results showed that there was a positive and partially significant effect between the current ratio (X1) to profitability (Y) with t count 3.035> 2.002 t table with a significance of 0.004 <0.05, there was an effect of debt to equity (X2) on profitability (Y) with t arithmetic 2.995> 2.002 with a significance of 0.004 <0.05, there is a positive and significant effect simultaneously between the current ratio (X1) and debt to equity (X2) to profitability (Y) with an F value of 5.385 > 3.16 F table , the significance value is 0.007 <0.05. The conclusion in this study is that there is a positive and significant effect on the current ratio (X1) partially on profitability (Y), debt to equity (X2) has a positive and partially significant effect on profitability (Y), and the current ratio (X1) and debt to equity (X2) simultaneously affect profitability (Y) in food and beverage manufacturing companies listed on the Indonesia stock exchange in the 2014-2018 period