Problem
A construction company has operating current assets of IDR 50 billion and operating current liabilities of IDR 10 billion. Meanwhile, there were operating long term assets of IDR 30 billion with a total net operating capital of IDR 15 billion in the previous year. The long-term bonds from this company are IDR 25 billion and the EBIT generated is IDR 8 billion. The income tax rate is set at 15% and the company's bond yield is 6% pa.
If you look at the financial structure of this company and the philosophy of the purpose of establishing a company, has the management implemented Good Corporate Governance?