17 According to Horne and Wachowicz Jr. 2012: 4 regarding the
management goal is the same as the companys goal of Maximizing the welfare of the owner of the company that exists today. So it can be concluded that the
purpose of financial management is done by financial managers is planned to obtain and use the funds to maximize the companys value. Further Fahmi 2014:
4 there are several goals of financial management, namely, a Maximizing the value of the company
b Maintain financial stability in a state that is always under control c Minimize the risk of companies in the present and future.
Of the three is the most important goal is the first one that maximizes the value of the company. Understanding of how to maximize the value of the
company is the management company is able to deliver maximum value at the time the company is entering the market.
2. Financial Statement Analysis
With the financial statements, financial statement users can analyze financial statements are intended to give an opinion on the companys financial
performance. According to Harahap, 2013: 190 analysis of the financial statements is outlining posts financial statements into units of information that are
smaller and look at the relationship that are significant or that have a meaning to each better between the quantitative data as well as data on non-quantitative goals
to determine the financial condition of deeper importance in the process of producing the right decision.
18 The financial statements is information that describes a companys financial
condition, and further information can be used as an overview of the companys financial performance. On the other side of Farid and Siswanto said financial
report is information that is expected to provide assistance to users to make economic decisions is financial. Further Munawir21 said The financial report is a
very important tool to obtain information relating to the financial position and the results that have been achieved by the company concerned. By doing so the
financial statements are expected to be helpful for users users to make the economic decisions that are financial Fahmi, 2014: 21.
According to Harahap 2013:1 financial report is media information that summarizes all of the activity of the company. Meanwhile, according to Hendra
2010:5 The financial statements can be interpreted as a summary of a process of recording of financial transactions, which occurred during the financial year in
question and the accountability of management to the internal and external parties of the company, which has a relationship with the company ,
While Tampubolon 2013: 39 argues financial statements of a corporation generally include the Balance Sheet, Income Statement and Statement of Sources
and Uses of Funds. The financial statements used for various purposes. Any use different require different information. Bank to basic lending, will require
different information to potential investors. Similarly, the Government through the Tax Office or the economy will require different data.
Financial analysis provides information about assessment of the state of corporate finance, both of which have past, or the present as well as future expectations.
19 The purpose of this analysis is to identify any weaknesses of the financial
situation that may cause problems in the future, and to determine any force that can become a corporate excellence. Besides, the analysis conducted by outsiders
corporation can be used to determine the level of credibility or potential for investment. Financial ratio analysis is a major tool in financial analysis, because
this analysis can be used to answer a variety of questions about the corporations financial situation.
3. The capital structure a. Definition of Capital Structure
