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Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents $ 490 Operating

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

Kiwi Fruit Company Balance Sheet
Cash and equivalents $ 490
Operating assets 790
Property, plant, and equipment 3,200
Other assets 180
Total assets $ 4,660
Current liabilities $ 1,040
Long-term debt 1,510
Other liabilities 190
Total liabilities $ 2,740
Paid in capital $ 410
Retained earnings 1,510
Total equity $ 1,920
Total liabilities and equity $ 4,660

Kiwi Fruit Company Income Statement
Net sales $ 8,600
Cost of goods sold (6,900 )
Gross profit $ 1,700
Operating expense (620 )
Operating income $ 1,080
Other income 175
Net interest expense (200 )
Pretax income $ 1,055
Income tax (265 )
Net income $ 790
Earnings per share $ 2.00
Shares outstanding 395,000
Recent price $ 44.50

Kiwi Fruit Company Cash Flow Statement
Net income $ 790
Depreciation and amortization 214
Increase in operating assets (115 )
Decrease in current liabilities (130 )
Operating cash flow $ 759
Net (purchase) sale of property $ 215
Increase in other assets (76 )
Investing cash flow $ 139
Net (redemption) issuance of LTD $ (202 )
Dividends paid (188 )
Financing cash flow $ (390 )
Net cash increase $ 508

Calculate ROA and ROE for Kiwi Fruit and interpret these ratios. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "$" sign in your response.)

ROA %
ROE %

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