Amounts are in thousands of dollars $($except number of shares and price per share$)$:

Kiwi Fruit Company Balance Sheet

Cash and equivalents $ $370$

Operating assets $780$

Property, plant, and equipment $3,000$

Other assets $175$

Total assets $ $4,325$

Current liabilities $ $1,040$

Long$-$term debt $1,195$

Other liabilities $185$

Total liabilities $ $2,420$

Paid in capital $ $405$

Retained earnings $1,500$

Total equity $ $1,905$

Total liabilities and equity $ $4,325$

Kiwi Fruit Company Income Statement

Net sales $ $9,700$

Cost of goods sold $8,000$

Gross profit $ $1,700$

Operating expense $590$

Operating income $ $1,110$

Other income $170$

Net interest expense $200$

Pretax income $ $1,080$

Income tax $260$

Net income $ $820$

Earnings per share $ $2\mathrm{.}00$

Shares outstanding $410,000$

Recent price $ $27\mathrm{.}00$

Kiwi Fruit Company Cash Flow Statement

Net income $ $820$

Depreciation and amortization $216$

Increase in operating assets $110$

Decrease in current liabilities $108$

Operating cash flow $ $818$

Net $($purchase$)$ sale of property $ $210$

Increase in other assets $75$

Investing cash flow $ $135$

Net $($redemption$)$ issuance of Limited $$$ $201$

Dividends paid $186$

Financing cash flow $$$ $387$

Net cash increase $566$

Calculate the gross and operating margins for Kiwi Fruit.