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

Kiwi Fruit Company Balance Sheet
Cash and equivalents	$	510
Operating assets		850
Property, plant, and equipment		3,600
Other assets		210
Total assets	$	5,170
Current liabilities	$	1,100
Long-term debt		1,840
Other liabilities		220
Total liabilities	$	3,160
Paid in capital	$	440
Retained earnings		1,570
Total equity	$	2,010
Total liabilities and equity	$	5,170

Kiwi Fruit Company Income Statement
Net sales	$	8,200
Cost of goods sold		(6,500	)
Gross profit	$	1,700
Operating expense		(550	)
Operating income	$	1,150
Other income		205
Net interest expense		(200	)
Pretax income	$	1,155
Income tax		(295	)
Net income	$	860
Earnings per share	$	2.00
Shares outstanding		430,000
Recent price	$	46.50

Kiwi Fruit Company Cash Flow Statement
Net income	$	860
Depreciation and amortization		202
Changes in operating assets		(105	)
Changes in current liabilities		(118	)
Operating cash flow	$	839
Net additions to properties	$	245
Changes in other assets		(82	)
Investing cash flow	$	163
Issuance/redemption of long-term debt	$	(208	)
Dividends paid		(200	)
Financing cash flow	$	(408	)
Net cash increase	$	594

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	%