Analisis Rasio Keuangan dengan Menggunakan Metode Altman untuk Mengukur Kesehatan Perusahaan Manufaktur Industri Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia
This research aim to determine the health level manufacturing food and beverage industry that are listed in Indonesia Stock Exchange by using the ratio of Z-Score model of Altman. This research also aims to determine the accuracy of the Z-Score. The reasearch design used in this research is the study observation, ex post facto reasearch, reasearch associative with causal relationships and quantitative reasearch. The population of this research are 16 manufacturing companies listed in Indonesia Stock Exchange during the period of 2006-2009 and the sampel consist of 9 companies. The sampling method that used was purposive sampling. Type of data in this study are secondary data obtained from Indonesia Stock Exchange’s webside www.idx.co.id. The variables of that reasearch consisted of comparing working capital to total assets (X1), ratio of retairned earnings to total assets (X2), ratio of earnings before interest and taxes to total assets (X3), ratio of book value of equity to book value of total debt (X4), ratio of sales to total assets (X5) as independent variable and the health of the company as the dependent variable. Multiple linear regression analysis used for statistical analysis in this research and the regression were tested first in the classical assumption test. The result of this research indicated that partial an simultaneous comparing working capital to total assets (X1), ratio of retairned earnings to total assets (X2), ratio of earnings before interest and taxes to total assets (X3), ratio of book value of equity to book value of total debt (X4), ratio of sales to total assets (X5) heve relationships with corpotate health. This research also suggests that the model of Z-Score Altman methode is very accurate in meansuring the health of the company.
Year of publication: |
2011-06-08
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Authors: | Ardani, Sarifah Vesselina |
Other Persons: | Nazwar, Chairul (contributor) |
Subject: | Z-Score Altman | Kesehatan Perusahaan |
Saved in:
freely available