Faktor-Faktor Yang Mempengaruhi Likuiditas Perusahaan Di Bursa Efek Indonesia

Abstract

In this study, high cash turnover , so the company will be in a liquid state and other liquidcurrent assets are accounts receivable turnover. The purpose of this study was to determine the effect of Cash and Accounts Receivable Turnover Turnover on Liquidity Pharmaceutical Industry Company listed on the Indonesia Stock Exchange period 2011-2015. The method used is multiple regression analysis and the sampling technique is purposive sampling . Based on the research results , obtained regression equation is Y = 468.262 - 3,880 X1- 12.263X2. T test conducted found X1 variable Turnover Cash significant effect on the liquidity of companies with significant value 0,002 < α 0.05. X2 receivable turnover did not significantly affect the company's liquidity and insignificant value 0.130 > α 0,05. From the F test conducted found that the turnover of cash and accounts receivable turnover simultaneous effect on the liquidity of companies with significant value 0.004 < 0.05. Rated R square shows that together cash turnover and accounts receivable turnover contribute to the liquidity of the company to 33.4 % while the remaining 66.6 % is influenced by other variables not included in this study. It can be concluded that the turnover of cash and accounts receivable turnover determine the liquidity of a company. It is recommended for pharmaceutical companies to pay attention to the level of sales , current assets and current liabilities.