Department of Accounting, 2003

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Siti Alifah Rahmawati


This research is a case study at PG. Kebon Agung Malang, with title " Influence Application Optimal Cash To The Rentability at PG. Kebon Agung Malang"
The main purpose of this research are to know and the decide how to large the that should have available by PG. Kebon Agung Malang influence to the rentability from optimally cash application on optimal cash itself, by using analysis cash management Miller and Orr, analysis economic rentability and analysis capital rentability.
In the financial repport at PG. Kebon Agung Malang at 2000 and 2001 can be find that the total cash in this company too large, so it cause of idle cash. In the other words there is uneffectively and unuseful cash because of the available cash too large so it makes the rentability more low than before.
From calculated optimal cash using Miller and Orr method at 2000 is Rp.142.761.800,40 and 2001 is Rp.128.864.986,20 whereas in cash balance sheet at 2000 is Rp.219.507.262,00 and 2001 is Rp. 245.848.133,00. It means the company witressed over cash, because of there is increasing in sell aspect from 2000 until 2001, in other hand the cost can be pressured minimum, so there was great cash. To share great cash itself the company can invest securities in short term, like deposito which will give income from the interest invest. In the other side great cash can be share to enlarge the company. The economic rentability before application opimal cash at 2000 is 9,64% and 2001 is 10,92%, Even though the economic rentability after application optimal cash is 9,65% at 2000 and 10,94% at 2001. The capital rentability before application optimal cash at 2000 is 11,001% and 2001 is 11,83%, Even though the capital rentability after application optimal cash is 11,006% at 2000 and 11,83% at 2001.




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