Amounts are in thousands of dollars (except number of shares and price per share) Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets $ 630 830 3,600 200 $5,260 Total assets $1,100 1,970 210 Current liabilities Long-term debt Other liabilities $3,280 Total liabilities $ 430 1,550 Paid in capital Retained earnings Total equity Total liabilities and equity $1,980 $5,260 Kiwi Fruit Company Income Statement Net sales Cost of goods sold $ 9,800 (7,600) $ 2,200 (490) Gross profit Operating expense $ 1,710 195 (200) Operating income Other income Net interest expense $ 1,705 (285) Pretax income Income tax $ 1,420 Net income $1.60 887,500 $ 34.00 Earnings per share Shares outstanding Recent price Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Changes in operating assets Changes in current liabilities $1,420 206 (60) (122) $1,444 Operating cash flovw $ 235 (80) Net additions to properties Changes in other assets $ 155 Investing cash flow Issuance/redemption of long-term debt $ (206) (196) Dividends paid Financing cash flovw Net cash increase $ (402) $1,197 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. Omit the "%" sign in your response.) Gross margin Operating margin