Pengaruh Working Capital Turnover (Wct), Current Ratio (Cr), Dan Debt to Total Assets (Dta) Terhadap Return on Investment (Roi) (Studi Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2009 - 2012)

Abstract

Indicator of good working capital management is the efficiency of working capital. In determining an efficient working capital policy, the company faced on the issue of the exchange ( trade-off ) between liquidity and profitability factors. companies are also faced with the problem of determining the source of funds. If the company uses more debt than equity capital the solvency level will decrease due to interest expense on the liability also increases. This will impact on declining of profitability. The analysis revealed that Working Capital Turnover ( WCT ), the Current Ratio ( CR ) and Debt to Total Assets ( DTA ) simultaneously influence the Return on Investment ( ROI ). Partially Working Capital Turnover ( WCT ) is the dominant variable affecting the Return on Investment ( ROI ) enterprises