Business, Management and Accounting
2 years ago

Quick ratio boosts profitability for Indonesian manufacturing firms, study finds.

Society
An Empirical Study of Quick Ratio and Profitability on Manufacturing Firms in Indonesia
Lanemey Brigitha Pandeirot, Elvis Sumanti, Andrew Christian Aseng

Paper Summary

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The study looked at how the quick ratio affects the profitability of manufacturing firms in Indonesia. They used three measures of profitability: Net Profit Margin, Return On Assets, and Return On Equity. After analyzing 158 firms' financial data from 2012 to 2016, they found that a higher quick ratio is linked to higher Net Profit Margin and Return On Assets for these firms. However, the quick ratio did not have the same impact on Return On Equity.