EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO AND TOTAL ASSET TURNOVER ON PROFIT GROWTH IN PHARMACEUTICAL SUB SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2014-2018 PERIOD
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Date
2020
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International Journal of Solid State Technology Volume: 63 Issue: 4
Abstract
This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, and Total
Assets Turnover on profit growth. The method used in this research is descriptive and
verification with a quantitative approach. The population in this study was the
pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period
2014-2018 using a purposive sampling technique. There were 8 companies as a sample. The
results showed that Current Ratio, Debt to Equity Ratio and Total Assets Turnover had a
significant effect on profit growth. The results of the study partially show that the Debt to
Equity Ratio has an effect on profit growth, while the Current Ratio and Total Assets
Turnover have no effect on Profit Growth.
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Keywords
Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Profit Growth