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Amounts are in thousands of dollars ( except number of shares and price per share ) : Kiwi Fruit Company Balance Sheet Cash and equivalents

Amounts are in thousands of dollars (except number of shares and price per share):
Kiwi Fruit Company Balance Sheet
Cash and equivalents $ 340
Operating assets 690
Property, plant, and equipment 2,700
Other assets 130
Total assets $ 3,860
Current liabilities $ 920
Long-term debt 1,030
Other liabilities 140
Total liabilities $ 2,090
Paid in capital $ 360
Retained earnings 1,410
Total equity $ 1,770
Total liabilities and equity $ 3,860
Kiwi Fruit Company Income Statement
Net sales $ 8,400
Cost of goods sold 6,500
Gross profit $ 1,900
Operating expense 830
Operating income $ 1,070
Other income 125
Net interest expense 200
Pretax income $ 995
Income tax 215
Net income $ 780
Earnings per share $ 2.50
Shares outstanding 312,000
Recent price $ 28.00
Kiwi Fruit Company Cash Flow Statement
Net income $ 780
Depreciation and amortization 223
Increase in operating assets 105
Decrease in current liabilities 128
Operating cash flow $ 770
Net (purchase) sale of property $ 165
Increase in other assets 84
Investing cash flow $ 81
Net (redemption) issuance of Limited $ 182
Dividends paid 161
Financing cash flow $ 343
Net cash increase 508
Calculate the gross and operating margins for Kiwi Fruit.

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