financial analysis of enron corporation
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Financial Analysis of Enron Corporation [WLOs: 1, 2, 3] [CLOs: 1, 2]
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Prior to beginning work on this discussion, read the article from Investopedia, the article from McCullough Research, and retrieved from the SEC. The scandal of Enron Corp. shook Wall Street to the core and its collapse affected thousands of employees. At Enron’s peak, the market price of its stock was worth $90.75 per share; when Enron declared bankruptcy on December 2, 2001, the stock was trading at $0.26 (Investopedia, 2018). For Enron’s demise McCullough Research (2002) suggested three scenarios: (1) the Last of the Dot Coms, (2) a Ponzi scheme, and (3) Barings Bank.
In an initial post of a minimum of 100 words, discuss how Enron’s superficial financial reporting combined with an indulgent financial environment have caused Enron’s collapse.
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