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.)

Gross margin_________%

Operating margin_______%

Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets Total assets $ 610 770 3,000 170 $ 4,550 $ 980 1,500 180 Current liabilities Long-term debt Other liabilities Total liabilities Paid in capital Retained earnings Total equity $ 400 1.490 S 1,890 Total liabilities and equity $ 4,550 Kiwi Fruit Company Income Statement Net sales Cost of goods sold Gross profit Operating expense Operating income Other income Net interest expense Pretax income Income tax Net income $11,200 9,700 $1,500 (560) 940 165 200 $905 (255) 650 Earnings per share Shares outstanding Recent price $1.30 500,000 $32.00 Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow $ 650 218 (105) (110) $ 653 Net (purchase) sale of property Increase in other assets Investing cash flow $ 205 (74) $ 131 Net (redemption) issuance of LTD Dividends paid Financing cash flow Net cash increase $ (200) (184) $ (384) $ 400