Required: Prior to coming to class, address the following questions based on your evaluation of Enron's financial statements for the years 1999 and 2000 (available on the class website). An Excel spreadsheet with Enron financial data is also available on the class website under the filename "Discussion Case - Enron (Data)" as is the Commonly Used Ratios under the filename "Discussion Case - Enron (Ratios)." Problem 1: Company 1a. What was Enron's business? Please answer in one-half page or less. 1b. In order to understand Enron's financial statements, one must first understand two areas of the company's business. Please respond to the following questions using Enron's financial statements. . What were "Price Risk Management Activities"? . What were "Merchant Assets and Investments"? 1c. How was Enron able to double revenues from 1999 to 2000? Please respond in one-half page or less? Problem 2: Information for various ratios Using an Excel spreadsheet: 2a. Show how you calculate net income to common shareholders (i.e. net income less minority interest and preferred dividends) for Enron Corporation for the year ended December 31, 2000. Include any adjustments for earnings quality. Explain any assumptions you made in answering the question here. Assumptions made in calculating net income to common shareholders for the year ended: Year ended Dec 31, 2000 1