Amounts are in thousands of dollars (except number of shares and price per share): \begin{tabular}{lr} \multicolumn{2}{c}{ 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 & $2.00 \\ Shares outstanding & 410,000 \\ Recent price & $27,00 \\ \hline \end{tabular} 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.)