PENGARUH DEGREE OF FINANCIAL LEVERAGE, DEGREE OF OPERATING LEVERAGE, DAN SOLVABILITAS TERHADAP PROFITABILITAS

(Studi Empiris pada Perusahaan Manufaktur Sub Sektor Farmasi yang Terdaftar pada Bursa Efek Indonesia periode 2013-2017)

Abstract

The purpose of this study is to determine the effects of the Degree Of Financial Leverage, Degree Of Operating Leverage, and Debt To Asset Ratio On Return On  Asset. The sample in this study is a pharmaceutical sub-sector company which is listed on the Indonesia Stock Exchange. In this study researchers used secondary data, in the form of financial statements of the Pharmacy Sub Sector for the period 2013-2017 that had met the criteria. The sampling technique in this study used a purposive sampling method. This study uses descriptive statistical methods using classical assumptions, correlation analysis, coefficient of determination analysis, hypothesis testing and multiple linear regression analysis using Statistical Package for the Social Science (SPSS) program version 20.0 and Microsoft Excel for Windows 2010 to determine the direct and not directly on the linear regression coefficient. The results of this study indicate that the Debt To Asset Ratio has a significant effect on Return On Asset while the Degree Of Financial Leverage and Degree Of Operating Leverage have no effect Return On Asset.