62 Current Ratio =
s Liabilitie
Current Assets
Current
Return on Assets =
Asset Total
Income Net
Debt Ratio =
Asset Total
s Liabilitie
Total
result, because of the independent variables. The dependent variable is a variable that is affected or which become due, because of the independent variables.
The independent variables in this study areLiquidity, Profitability, Solvency and Company Size,
a. Liquidity
Liquidity used to describe the ability of the company is the Current Ratio. Liquidity can be measured using the following formula:
b. Profitability
Profitability is the companys ability to make a profit. Profitability used is Return on Assets ROA. Profitability can be measured using the following
formula:
c. Solvency
Solvency demonstrated the ability to pay for the long term, this complements for liquidity. Preferably of course, the company in a liquid state and
solvable. Solvency used is Debt Ratio DR. Solvency can be measured using the following formula :
63 Size = Ln Total Assets
d. Company Size
Company size is the size or the amount of assets owned by a company. Company size is measured by the value of the natural logarithm of Total Assets,
Company size can be measured using the following formula:
64
CHAPTER IV FINDING AND ANALYSIS
A. General Description of Research 1. Companies Listed On LQ45
Samples in this study are the companies included in the LQ45 are shown in Table 4.1. Based on the table shows that as many as 12 companies included in
the criteria by researchers is a registered company in LQ45 during the observation period, the company had never happened delisting during the observation period,
the Company publishes financial statements denominated in rupiah and the company has a complete data regarding the financial statements during the
observation period, namely the year 2010 until 2014.
Table 4.1 Companies Listed On LQ45 Used in Research
No. Issuer code
Issuer Name
1 AALI
Astra Agro Lestari Tbk 2
ASII Astra International Tbk
3 GGRM
Gudang Garam Tbk 4
INDF Indofoof Sukses Makmur Tbk
5 INTP
Indocement Tunggal Prakarsa Tbk 6
KLBF Kalbe Farma Tbk
7 LPKR
Lippo Karawaci Tbk 8
LSIP London Sumatra Plantation Tbk
9 PTBA
Coal Mine Bukit Asam Persero Tbk 10
SMGR Semen Gresik Persero Tbk
