THE EFFECT OF BUSINESS RISK, CASH TURNOVER AND WORKING CAPITAL TURNOVER ON LIQUIDITY MODERATED BY SALES GROWTH (IN MANUFACTURING COMPANIES IN THE CONSUMER GOODS SECTOR LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2023)
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This study aims to test and analyze the influence of Business Risk, Cash Turnover and Working Capital Turnover on Liquidity Moderated Sales Growth. This research uses secondary data obtained from the Indonesia Stock Exchange website. The population of this study is mining sector companies listed on the Indonesia Stock Exchange (IDX), which publishes financial statements and annual reports for the 2019-2023 period. The number of companies that are in this sample is 23 companies for 5 years. This study uses the purposive sampling method, so that the total research sample is 115 samples. This study uses quantitative research with panel data regression analysis techniques and moderation regression analysis which is tested with the help of Eviews software. The results of the study show that Cash Turnover and Working Capital Turnover Affect Liquidity. Meanwhile, Business Risk has no effect on Liquidity. Sales Growth Variables Do Not Moderate Business Risk, Cash Turnover and Working Capital Turnover to Liquidity
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