THE EFFECT OF QUICK RATIO DEBT TO RATIO AND FIXED ASSETS TURNOVER ON FINANCIAL PERFORMANCE IN THE FOOD AND BEVERAGE SUB SECTOR OF MANUFACTURING COMPANIES LISTED IN INDONESIAN STOCK EXCHANGE
Abstract
The aims of this study were to anayzed the effect of Quick Ratio, Debt to
Ratio, and Fixwd Assest Turnover on Financial Performance in the Food and
Baverage Sub Sector of Manufacturing Companies Listed in Indonesian Stock
Exchange. The sample in this study consisted of 20 companies into 54 financial
reports and annual reports of 20 the food and beverage sub-sector of
manufacturing companies listed in Indonesia Stock Exchange (IDX) in 2018-
2020 using the purposive sampling method. The results of this study shows that
the t-test calculation proves that partially Quick Ratio and Fixed Assets Turnover
have no significant effect on Return On Assets, but for Debt to Equity Ratio
partially have an effect on Return On Assets. The calculation of the F test results
simultaneously proves that the Quick Ratio, Debt to Equity Ratio, and Fixed
Assets Turnover have a significant effect on Return On Assets. The Coefficient of
Determination test is known that the R square value is 0.328 or 32.8% which
indicates that ROA can be explained by QR, DER and FATO while the remaining
67.2% is explained by other variables
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