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PENGARUH LIKUIDITAS, LEVERAGE, AKTIVITAS, DAN PERTUMBUHAN TERHADAP PROFITABILITAS INDUSTRI FARMASI
This research aimed to determine the influence of liquidity measured by current ratio, leverage measured by debt ratio, activity measured by total asset turnover and inventory turnover, and growth measured by sales growth to the profitability at Pharmaceutical industry. Profitability in this research was proxy with Return On Assets (ROA). The population in this research was Pharmaceutical industry who were listed on the Indonesia Stock Exchange during the 2012-2016 periods. Sampling wasconducted by purposive sampling, it obtained 8 companies based on the sample criteria. Data analysis techniques used multiple linear regression, classical assumption test, goodness of fit test, and hypothesis test used SPSS tool 20 version. The results of this research indicates that the debt ratio, inventory turnover, and sales growth gave influenced significantly to the profitability (ROA), while the current ratio and total asset turnover does not gave any significant influenced to the profitability (ROA) in Pharmaceutical industry who werelisted in the Indonesia Stock Exchange. The variable that who have the most dominant influence to the profitability was inventory turnover variable with (??2) value was 0.328. The result of determination coefficient test shows that current ratio variable, debt ratio, total asset turnover, inventory turnover, and sales growth contribute 70,4% to profitability, while 29,6% was influenced by other variable.
Keywords: liquidity, leverage, activity, growth, and profitability.
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