The Impact of Working Capital, Fixed Asset, Leverage & Profitability Toward Audit Opinion for Manufactirung Firms

Gilbert Rely, Regina Jansen Arsjah


Fixed asset turnover and leverage to profitability to audit opinion, this study is using more manufacturing firm in consumer goods sub-sector and has been listed in Indonesia Stock Exchange (IDX) for 2011 to 2015 period and found 140 firms, the determination of selected sample using a purposive sampling, the tests have conducted to determine the effect of working capital turnover, fixed asset turnover and leverage and profitability to audit opinion as a moderating variable. The results indicate were 99 firms meet the population target, multiple linear analysis test with 5% significance level, the result concludes that: (1) working capital turnover has an effect to profitability, (2) fixed asset turnover has an effect to profitability, (3) leverage has no effect to profitability, (4) going concern cannot moderate the working capital turnover to profitability, (5) audit opinion may moderate the influence of fixed asset turn over to profitability and (6) audit opinion cannot moderate leverage influence to profitability.

Keywords: working capital turnover, fixed asset turnover, leverage, profitability, audit opinion

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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