International Conference on Law, Business and Governance (ICon-LBG)
Vol 1 (2013): 1st ICon-LBG

Using Altman Z-Score Model and Current Status Of Financial Ratio to Asses Of Consumer Goods Company Listed in Indonesia Stock Exchange (IDX)

Yoppy Palupi Purbaningsih (STIE EKUITAS, Bandung, Indonesia)



Article Info

Publish Date
24 Oct 2013

Abstract

This study aims to assess the financial condition of the companies listed on the Indonesia Stock Exchange (IDX) using a model of financial distress prediction Edward Altman Z-score and the Current Ratio. The population in this study consisted of 33 Consumer Goods Company at the period 2009-2010 in Indonesia Stock Exchange (IDX). The data used is secondary data obtained from the companys financial statements. Testing hypotheses using paired sample t test..Results of this study found that There is a significant difference between the use of Altman Z-score and Current Ratio method in determining the financial condition of Consumer Goods Companies listed in Indonesia Stock Exchange (IDX). In addition there is the Financial Distress in Consumer Goods Company listed on the Indonesia Stock Exchange (IDX). From the results of this study can be concluded that Altman Z-Score model and the current ratio is a useful tool for investors to predict the companys financial failure.

Copyrights © 2013






Journal Info

Abbrev

iconlbg

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

In this proceeding contains papers that get submitted and presented at The International Conference On Law, Business and Governance 2013. Conference organized by the Bandar Lampung University on 22-24 October 2013, held at the graduate campus, Bandar Lampung University (UBL), Lampung, ...