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The balance sheet of Lawn Products, Inc. showed owners' equity of $180,000 in 2001 and $200,000 in 2002. Compute the percentage of increase in owners' equity. (Round answer to one decimal place.)
Employee Stock Ownership Plan
A plan that helps employees purchase stock in their employing companies.
Gain-Sharing
A compensation strategy where employees receive additional financial benefits from the company's performance improvements.
Two-Tier Wage System
A compensation system where new employees are paid less and receive fewer benefits than existing employees for doing the same job.
Profit Sharing
A company policy of distributing a portion of its profits to its employees, often seen as a motivator and reward for performance.
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