High Debt Levels at PT Phapros Tbk Not Impacting Return On Assets
The study looked at how Debt to Asset Ratio and Debt to Equity Ratio affect Return on Assets at PT Phapros Tbk. They found that neither ratio had a significant impact on Return on Assets individually or together. The Debt to Assets Ratio and Debt to Equity Ratio only contributed to 53.2% of Return on Assets, with other factors influencing the remaining 46.8%.