DAFTAR ISI
Halaman LEMBAR PENGESAHAN............................................................................ LEMBAR PERSETUJUAN .......................................................................... MOTTO DAN PERSEMBAHAN ................................................................. RIWAYAT PENULIS.................................................................................... ABSTRAK.......................................................................................................
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KATA PENGANTAR ....................................................................................
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DAFTAR ISI ...................................................................................................
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DAFTAR TABEL...........................................................................................
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DAFTAR GAMBAR ......................................................................................
xiv
BAB I PENDAHULUAN 1.1 Latar Belakang Penelitian...........................................................
1
1.2 Identifikasi Masalah ...................................................................
9
1.3 Rumusan Masalah ......................................................................
10
1.4 Tujuan Penelitian ........................................................................
10
1.5 Kegunaan Penelitian ...................................................................
11
1.6 Kerangka Pemikiran ...................................................................
12
1.7 Hipotesis .....................................................................................
16
BAB II TINJAUAN PUSTAKA 2.1 Modal Kerja ...............................................................................
18
2.1.1 Pengertian Modal Kerja...................................................
18
2.1.2 Jenis Modal Kerja............................................................
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2.1.3 Peranan dan Pentingnya Modal Kerja .............................
20
2.2 Investasi Dalam Kas ..................................................................
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2.2.1 Pengertian Kas ................................................................
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2.2.2 Manajemen Kas yang Efisien ..........................................
22
2.2.3 Tujuan Laporan Arus Kas ..............................................
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2.2.4 Klasifikasi Arus Kas.......................................................
24
2.2.5 Pengertian Perputaran Kas .............................................
24
2.3 Investasi Dalam Piutang .............................................................
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2.3.1 Pengertian Piutang............................................................
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2.3.2 Tujuan Piutang..................................................................
27
2.3.3 Komponen Kebijakan Kredit ...........................................
28
2.3.4 Risiko yang Mungkin Timbul dalam Piutang ..................
29
2.3.5 Pengertian Perputaran Piutang .........................................
31
2.4 Investasi Dalam Persediaan........................................................
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2.4.1 Pengertian Persediaan ......................................................
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2.4.2 Macam-macam Persediaan ..............................................
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2.4.3 Economic Order Quantity (EOQ) ...................................
36
2.4.4 Pengertian Perputaran Persediaan....................................
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2.5 Rasio Sebagai Alat Analisis........................................................
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2.6 Profitabilitas................................................................................
42
2.7 Return On Assets (ROA)............................................................
43
2.8 Penelitian Terdahulu...................................................................
47
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BAB III METODOLOGI PENELITIAN 3.1 Metode Penelitian .......................................................................
51
3.2 Populasi dan Sampel ..................................................................
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3.2.1 Populasi ............................................................................
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3.2.2 Sampel..............................................................................
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3.3 Jenis Data ...................................................................................
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3.4 Variabel Penelitian......................................................................
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3.5 Teknik Pengumpulan Data.........................................................
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3.6 Teknik Pengolahan Data ............................................................
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3.6.1 Analisis Deskriptif Statistik..............................................
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3.6.2 Analisis Regresi Linear ....................................................
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3.6.3 Analisis Korelasi ..............................................................
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3.6.4 Koefisien Determinasi ......................................................
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3.6.5 Pengujian Hipotesis ..........................................................
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3.7 Jadwal Penelitian ........................................................................
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BAB IV HASIL PENELITIAN 4.1 Kondisi Penelitian.......................................................................
67
4.1.1 Gambaran Umum Objek Penelitian..................................
67
4.1.2 Sejarah Pasar Modal ........................................................
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4.1.3 Struktur Pasar Modal .......................................................
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4.1.4 Para Pelaku Pasar Modal .................................................
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4.1.4.1 Emiten ................................................................
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4.1.4.2 Pemodal (Investor) ............................................
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4.1.4.3 Lembaga Penunjang ...........................................
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4.2 Deskripsi Data Variabel Penelitian.............................................
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4.2.1 Perputaran Kas ................................................................
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4.2.2 Perputaran Piutang............................................................
85
4.2.3 Perputaran Persediaan ......................................................
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4.2.4 Return On Assets (ROA) .................................................
91
4.3 Deskripsi Statistik Analisis Penelitian........................................
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4.4 Pengaruh Perputaran Kas (Cash Turnover) terhadap Return On Assets .........................................................................................
96
4.4.1 Analisis Regresi Sederhana Perputaran Kas (Cash Turnover) terhadap ROA.................................................
96
4.4.2 Analisis Korelasi Perputaran Kas (Cash Turnover) terhadap ROA ..................................................................
97
4.4.3 Uji T Perputaran Kas (Cash Turnover) terhadap ROA ...
98
4.5 Pengaruh Perputaran Piutang (Receivable Turnover) terhadap Return On Assets ....................................................................... 101 4.5.1 Analisis Regresi Sederhana Perputaran Piutang (Receivable Turnover) terhadap ROA.............................
101
4.5.2 Analisis Korelasi Perputaran Piutang (Receivable Turnover) terhadap ROA.................................................
102
4.5.3 Uji T Perputaran Piutang (Receivable Turnover) terhadap ROA ..................................................................
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103
4.6 Pengaruh Perputaran Persediaan (Inventory Turnover) terhadap Return On Assets.........................................................
106
4.6.1 Analisis Regresi Sederhana Perputaran Piutang (Receivable Turnover) terhadap ROA.............................
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4.6.2 Analisis Korelasi Perputaran Persediaan (Inventory Turnover) terhadap ROA.................................................
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4.6.3 Uji T Perputaran Persediaan (Inventory Turnover) terhadap ROA ..................................................................
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4.7 Pengaruh Perputaran Kas (Cash Turnover), Perputaran Piutang (Receivable Turnover), dan Perputaran Persediaan (Inventory Turnover) terhadap ROA ...........................................................
111
4.7.1 Analisis Regresi Berganda ...............................................
111
4.7.2 Koefisien Determinasi ......................................................
113
4.7.3 Uji-F.................................................................................
114
4.8 Analisis Hasil Pengolahan Data Penelitian.................................
116
4.8.1 Pengaruh Perputaran Kas terhadap Return On Assets.....
116
4.8.2 Pengaruh Perputaran Piutang terhadap Return On Assets 118 4.8.3 Pengaruh Perputaran Persediaan terhadap Return On Assets ...............................................................................
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4.8.4 Pengaruh Perputaran Kas, Perputaran Piutang dan Perputaran Persediaan terhadap Return On Assets..........
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BAB V KESIMPULAN 5.1 Kesimpulan .................................................................................
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5.2 Saran ..........................................................................................
126
DAFTAR PUSTAKA ...................................................................................... LAMPIRAN ....................................................................................................
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DAFTAR TABEL
Tabel 1.1
ROA,
Perputaran
Kas,
Perputaran
Piutang,
Perputaran
Persediaan Perusahaaan Manufaktur Pada Tahun 2011................
6
Tabel 2.1
Penelitian Terdahulu.......................................................................
49
Tabel 3.1
Sampel Penelitian ...........................................................................
53
Tabel 3.2
Operasionalisasi Variabel...............................................................
56
Tabel 3.3
Jadwal Penelitian............................................................................
66
Tabel 4.1
Daftar Perusahaan Sampel Penelitian.............................................
68
Tabel 4.2
Perputaran Kas (Cash Turnover) ..................................................
83
Tabel 4.3
Perputaran Piutang (Receivable Turnover) ...................................
86
Tabel 4.4
Perputaran Persediaan (Inventory Turnover) ................................
89
Tabel 4.5
Return On Assets (ROA) ...............................................................
92
Tabel 4.6
Perhitungan Nilai Maksimum, Minimum, Mean dan Standart Deviation .......................................................................................
94
Tabel 4.7
Tabel Coefficients Regresi Sederhana Perputaran Kas .................
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Tabel 4.8
Coefficients Korelasi Perputaran Kas dengan Return On Assets ..
97
Tabel 4.9
Hasil Pengujian Uji T Perputaran Kas terhadap ROA ..................
99
Tabel 4.10 Tabel Coefficients Regresi Sederhana Perputaran Piutang ............
101
Tabel 4.11 Coefficients Korelasi Perputaran Piutang dengan Return On Assets .............................................................................................
102
Tabel 4.12 Hasil Pengujian Uji T Perputaran Piutang terhadap ROA ............
104
Tabel 4.13 Tabel Coefficients Regresi Sederhana Perputaran Persediaan .......
106
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Tabel 4.14 Coefficients Korelasi Perputaran Persediaan dengan Return On Assets .............................................................................................
107
Tabel 4.15 Hasil Pengujian Uji T Perputaran Persediaan terhadap ROA .......
109
Tabel 4.16 Tabel Coefficients Regresi Linear Berganda .................................
111
Tabel 4.17 Uji Koefisien Determinasi (R2 ) .....................................................
113
Tabel 4.18 Hasil Pengujian Uji-F ....................................................................
115
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DAFTAR GAMBAR
Gambar 1.1 Bagan Kerangka Pemikiran .........................................................
16
Gambar 4.1 Grafik Daerah Penerimaan dan Penolakan Ho pada Uji T (Pengaruh Perputaran Kas) .......................................................
100
Gambar 4.2 Grafik Daerah Penerimaan dan Penolakan Ho pada Uji T (Pengaruh Perputaran Piutang) ..................................................
105
Gambar 4.3 Grafik Daerah Penerimaan dan Penolakan Ho pada Uji T (Pengaruh Perputaran Persediaan).............................................
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110
