Journal of Research in Business, Economics, and Education
Vol. 4 No. 3 (2022): June 2022

The Effect of Current Ratio and Debt to Equity Ratio on Return on Assets at PT Aneka Tambang Tbk Period 2011-2020

Endang Nurita (Universitas Pamulang)



Article Info

Publish Date
30 Jun 2022

Abstract

The purpose of this study is to determine the current ratio and debt to equity ratio to return on assets at PT Aneka Tambang Tbk. The data collection method used is the documentation technique. The research subject used is the financial statements of PT Aneka Tambang Tbk for the period 2011 - 2020. The object of research used is the return on assets of PT Aneka Tambang Tbk. The statistical method in this study uses the EViews 11 program. The analytical techniques used are Descriptive Analysis Test, Classical Assumption Test (Multicollinearity Test, Heteroscedasticity Test, Auto Correlation Test and Normality Test), and Hypothesis Testing (Partial Test, Stimulant Test and Coefficient of Determination Test). ). The results showed that partially current ratio has a negative and insignificant effect on return on assets with t count (0.040083) smaller than t table (1.85955) and probability value (0.6458) greater than (0.05). While partially debt to equity ratio has a positive and significant effect on return on assets with a t-count value (3.204127) greater than r table (1.85955) and probability (0.0150) less than (0.05). Stimulatingly, the current ratio and debt to equity ratio have an effect on return on assets with the calculated f value (5.370354) greater than f table (4.06618) and probability (0.038587) less than (0.05). The contribution of the current ratio and debt to equity ratio to return on assets is 60.54%.

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Journal Info

Abbrev

jrbee

Publisher

Subject

Economics, Econometrics & Finance

Description

JRBEE: Journal of Research in Business, Economics, and Education is aimed at being a medium for research results dissemination and scientific paper exchanges on the Indonesian economy and business among academics, practitioners, regulators, and public. JRBEE: Journal of Research in Business, ...