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

Kiwi Fruit Company Balance Sheet
Cash and equivalents	$	350
Operating assets		720
Property, plant, and equipment		2,900
Other assets		145
Total assets	$	4,115
Current liabilities	$	920
Long-term debt		1,225
Other liabilities		155
Total liabilities	$	2,300
Paid in capital	$	375
Retained earnings		1,440
Total equity	$	1,815
Total liabilities and equity	$	4,115

Kiwi Fruit Company Income Statement
Net sales	$	11,100
Cost of goods sold		(8,900	)
Gross profit	$	2,200
Operating expense		(920	)
Operating income	$	1,280
Other income		140
Net interest expense		(200	)
Pretax income	$	1,220
Income tax		(230	)
Net income	$	990
Earnings per share	$	1.20
Shares outstanding		825,000
Recent price	$	25.00

Kiwi Fruit Company Cash Flow Statement
Net income	$	990
Depreciation and amortization		230
Increase in operating assets		(120	)
Decrease in current liabilities		(120	)
Operating cash flow	$	980
Net (purchase) sale of property	$	180
Increase in other assets		(87	)
Investing cash flow	$	93
Net (redemption) issuance of LTD	$	(176	)
Dividends paid		(174	)
Financing cash flow	$	(350	)
Net cash increase	$	723

Calculate the gross and operating margins for Kiwi Fruit.