The Effect of Debt to Asset Ratio and Debt to Equity Ratio Against Return On Assets
Deni Sunaryo (a*), Etty Puji Lestari (b)

(a*)Student of the Terbuka University Management Science Doctoral Study Program and Lecturer at the Faculty of Economics and Business, Serang Raya University
(b)Universitas Terbuka


Abstract

This study aims to determine the determinants of return on assets caused by the Debt to Asset Ratio and Debt to Equity Ratio by measuring the financial calculations of food and beverage companies listed on the Southeast Asian Stock Exchange for the period 2012-2018. In this study, the independent variables (free) and dependent variables (dependent) are used, in which the dependent variable is the variable Debt to Asset Ratio and Debt to Equity Ratio and the independent variable is the variable Return on Assets. The method used was purposive sampling in order to obtain 8 companies that presented complete financial reports, in order to obtain 56 samples. The analysis technique used in this research is multiple linear regression analysis, partial test and simultaneous test. The results of the study partially conclude that the Debt to Asset Ratio has a significant effect on Return On Assets and Debt to Equity Ratio has a significant effect on Return On Assets. The results of the simultaneous study of Debt to Asset Ratio and Debt to Equity Ratio to Return On Assets have a significant level of 0.200> 0.05, so simultaneously it states that the Debt to Asset Ratio and Debt to Equity Ratio have a significant effect on Return On Assets.

Keywords: Debt to Assets Ratio, Debt to Equiy Ratio dan Return On Assets

Topic: Economics

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