<![CDATA[This study explores the effects of the current ratio (CR) and debt-to-equity ratio (DER) on return on assets (ROA) in food and beverage companies listed on the Indonesia Stock Exchange during the 2021–2025 period. The analytical method used is a quantitative approach with an associative research design, utilizing secondary data from the companies’ financial statements. A total of 10 companies were selected as the sample through purposive sampling, resulting in 50 observations. Hypothesis testing was conducted using multiple linear regression analysis with IBM SPSS Statistics, accompanied by t-tests, F-tests, and analysis of the coefficient of determination. The findings of this study indicate that the current ratio has a positive and significant effect on ROA (significance value: 0.048). Additionally, the debt-to-equity ratio also exerts a positive and significant influence on ROA (significance value: 0.012). Overall, these two independent variables have a significant effect on ROA (significance value: 0.008) and explain 59.2% of the variation in corporate profitability. These results indicate that sound liquidity and capital management can enhance corporate profitability and should be viewed as important factor.]]>
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