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HUBUNGAN MODAL KERJA DENGAN RENTABILITAS EKONOMI PADA PT. ULTRAJAYAMILK INDUSTRY & TRADING COMPANY TBK

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ABSTRACT THE CORRELATION BETWEEN WORKING CAPITAL AND ECONOMIC PROFITABILITY AT PT. ULTRAJAYAMILK INDUSTRY & TRADING COMPANY TBK Marnaek Rajagukguk NIM: 1132065 The purpose of the research conducted by the authors is to determine how the state of working capital and the level of economic profitability achieved by the company and the relationship between working capital with economic profitability at PT. Ultrajaya Milk Industry & Trading Company Tbk. The method which the author uses descriptive method in which the research carried out by describing the real state of the company in 2007 - 2014. Data is collected, processed, analyzed, and finally drawn its conclusions. Data collection was done by interview and documentation study. The data used are taken from the Annual Financial Statements (Annual Financial Report) from 2007 until 2014. The data is processed by using statistical documentation Pearson product moment correlation coefficient to determine the correlation coefficient and significant test. Based on the research results known to the development of working capital: Increase in 2007 to 2008 amounting to Rp 61.527 million. 2008 to 2009 amounting to Rp 48.304 million. 2009 and 2010 amounting to Rp 48.836 million. Years 2011 to 2012 amounting to Rp 287.119 million. Years 2012 to 2013 amounting to Rp 328.112 million. 2013 to 2014 amounting to Rp 219.419 million. Decreased in 2010 to 2011 amounting to Rp 161 399 000 Based on the research results known to the development of the Economic Profitability: Increase the year 2008 to the year 2009 amounted to 7.33%. In 2009 to 2010 amounted to 9.24%. In 2011 through 2012 amounted to 17.74%. Decreased in 2007 to 2008 amounted to (3.90)%. 2010 to 2011 was 8.35%. Years 2012 to 2013 amounting to 15.05%. Years 2013 to 2014 amounting to 12.83%. Profitability levels are fluctuating economy showed a performance management company that is not good in the use of capital increase the company's sales. Based on the results of the analysis statistikPearson Product Moment, then known correlation coefficient or the strong working capital development relationship with economic profitability r = 1.38243 This means that the relationship between the development of working capital with positive economic profitability. Based on the known significant test t = 3,54758sedangkan t table = 1.943 with a degree of freedom N-2 and α = 0.05. This means that t is greater than t table 1,943. Thus Ho is rejected, where there is a significant relationship between the Working Capital with economic profitability of the Company.