Estimating Sustainable Growth The following information is taken from the Fossil, Inc., 2012 annual report: (in thousands) 2012 2011 2010 Income statement Net sales $2,887,508 $2,597,302 $2,060,690 Net earnings 343,401 294,702 255,205 Balance sheet Shareholders' equity 1,263,535 1,135,929 1,074,118 Statement of cash flow Dividends to shareholders 0 0 0 Calculate Fossil's actual and sustainable rate of growth in sales. Round final answers to two decimal places. 2012 2011 20 X % 20 x % Sustainable growth rate Actual growth rate 20 X % 20 X %