12 Kiwi Fruit Company Balance Sheet Cash and equivalents $500 Operating assets 820 Property, plant, and equipment 3,200 Other assets 195 1 points eBook Total assets Long-term debt Other liabilities Total liabilities Paid in capital $4,715 Current liabilities $1,040 1,505 205 $2,750 $425 1,540 Retained earnings Total equity Total liabilities and equity Print $1,965 $4,715 Kiwi Fruit Company Income Statement References Net sales $11,300 Cost of goods sold -9,900 Gross profit Operating expense Operating income Other income Net interest expense $1,400 -460 $940 190 -200 Pretax income Income tax $930 -280 Net income Earnings per share $650 $1.25 Shares outstanding Recent price 520,000 $45.50 Kiwi Fruit Company Cash Flow Statement Net income $650 Depreciation and amortization 208 Increase in operating assets -80 Decrease in current liabilities -124 Operating cash flow $654 Net (purchase) sale of property $230 Increase in other assets -79 Investing cash flow $151 Net (redemption) issuance of LTD -$205 Dividends paid -194 Financing cash flow -$399 Net cash increase 406 Calculate the gross and operating margins for Kiwi Fruit. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Gross margin Operating margin % %