Amounts are in thousands of dollars (except number of shares and price per share): $450 678 2,700 12e $3,940 Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets Total assets Current liabilities Long-term debt Other liabilities Total liabilities Paid in capital Retained earnings Total equity Total liabilities and equity $920 1,150 13e $2,200 $350 1,390 $1,740 $3,940 Kiwi Fruit Company Income Statement Net sales $11, eee Cost of goods sold -7,8ee Gross profit $3,200 Operating expense -1,500 Operating income $1,700 Other income 115 Net interest expense -200 Pretax income $1,615 Income tax -205 Net income $1,412 Earnings per share $1.50 Shares outstanding 940, eee Recent price $26.00 Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow $1,410 40e -60 -124 $1,626 Net (purchase) sale of property Increase in other assets Investing cash flow $155 -82 $73 Net (redemption) issuance of LTD Dividends paid Financing cash flow Net cash increase -$186 -167 -$353 1,346 Calculate the gross and operating margins for Kiwi Frult. (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) 96 Gross margin Operating margin %