Akademik Veri Yönetim Sistemi
Istanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, cilt.19, sa.39, ss.1246-1264, 2020 (Hakemli Dergi)
Financial statements are important in order to understand the financial status of a business, and help to make theright decisions. The information provided in the financial statements is not enough for a meaningful conclusion.Thus, an analysis of the financial statements is required to help detect any possible risk or crisis and to helpacting towards it at the right time. That’s why we analyzed the financial statements of our cases RJ (RoyalJordanian Airlines), JPMC (Jordan Phosphate Mining Company), and BOJ Bank of Jordan. We chose thesecompanıes because they operate globally as it is the nature of the business and services it provides, which makesit easier to compare it with the industry or competitors. We found out that the use of financial ratios are a goodfinancial tool and an indicator to detect a crisis, to know why it happened, when it happened, and in what stageof the crisis the company is.