In a medium bowl, combine enchilada sauce, green chiles, cheese, red bell peppers, yellow onion, black olives, jalapenos, garlic powder, cumin, and cayenne pepper; mix well.
Unroll crescent rolls and arrange in a large greased round cake pan, pressing seams together to form a crust.
Pour mixture into the crust and spread evenly.
Bake for 25-30 minutes or until top is golden brown.
Let cool before slicing and serving.
Interesting Facts
Cinco de Mayo is a Mexican holiday commemorating the victory of the Mexican army over the French forces at the Battle of Puebla in 1862.
Mexican cuisine is one of the most popular cuisines in the world and includes dishes such as tacos, enchiladas, burritos, and salsa.
Crescent rolls are a type of refrigerated dough that can be used in a variety of dishes, such as this enchilada party ring.