What is ROE, and what are we trying to measure with it? How do you calculate and interpret ROE? What are the various pieces of performance that ROE can reflect? Why is it important to realize that there are different ways to try to increase ROE? What are ROA and Financial Leverage, and why do we need to distinguish between them when thinking about ROE? You should be able to do basic adjustments to ROE to remove preferred stock and/or non-controlling interests