PENGARUH ANALISIS RASIO KEUANGAN TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR DI BEI
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Abstract
The purpose of this research is to obtain empirical evidence about the effects of current
ratio, return on assets, total asset turnover, and sales growth on financial distress. This
research is conducted by taking 78 manufacturing companies which listed on
Indonesian Stock Exchange on 2017-2019. The sample selection technique used is
purposive sampling. Data processing techniques using multiple regression analysis that
helped with E-views 10.0 program. The result showed current ratio, return on assets,
and total asset turnover have a significant impact on financial distress while the other
variable, sales growth showed an insignificant impact on financial distress. The
implication of this study is the need to decrease the liabilities also to increase the sales
and income that will decrease the financial distress which will bring a good signal for
investors.
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