71 Based on empirical data exist and the results of research are obtained,
indicating that the proportion of the rise and fall variables WCTA which is the ratio between working capital ie current assets less current liabilities to total
assets does not affect profit growth. These results same with the results of research conducted by Mahfoedz 1994 and Suwarno 2004 which states that the
variable WCTA no effect on profit growth in manufacturing companies.
4.4.2 Hyphotesis 2 H2
The second hypothesis proposed in this research is the ratio of Current Liabilities to Inventory CLI negative effect on profit growth. From these results
obtained for the regression coefficient of -0.064 CLI variables with a significance value of 0.269, where the value is not significant at the 0.05 level because of
greater than 0.05. Thus the second hypothesis which states that the ratio of CLI has a negative effect on earnings growth can not be accepted.
Based on existing empirical data and results obtained from, this indicates that the rise and fall of the CLI does not affect the magnitude of the ratio of
earnings growth. These results same with the results of research conducted by Takarini and Ekawati 2003 which states that the CLI variable does not affect the
companys profit growth in manufacturing.
4.4.3 Hyphotesis 3 H3
The third hypothesis proposed in this research is the ratio of Operating Income to Total Liablities OITL positive effect on earnings growth. From these
results obtained for the regression coefficient of 0.524 OITL variables with a significance value of 0.149, where the value is not significant at the 0.05 level
72 because of greater than 0.05. Thus the third hypothesis which states that the ratio
OITL have a positive effect on profit growth can not be accepted. Based on existing empirical data and results obtained from, indicating that
the rise and fall OITL will not affect the magnitude of profit growth. These results same with the results of research conducted by Takarini and Ekawati 2003 and
Suwarno 2004 which states that the variable OITL does not effect on profit growth in manufacturing companies.
4.4.4 Hyphotesis 4 H4
The fourth hypothesis proposed in this research is the ratio of TAT positive effect on earnings growth. The results were obtained for the regression
coefficient of -0.069 TAT variables with a significance value of 0.566, where the value is not significant at the 0.05 level because of greater than 0.05. Thus the
fourth hypothesis which states that the ratio of TAT has a positive effect on earnings growth can not be accepted.
Based on empirical data exist and the results of research are obtained, indicating that the proportion of the rise and fall variables TAT does not effect
profit growth, these results support the results of Juliana and Sulardi 2003 and Meythi 2005 which stated that the TAT had no significant effect on profit
growth.
73
4.4.5 Hyphotesis 5 H5
