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 $510 850 3,600 219 $5,170 $1,100 1,840 220 $3,160 $440 1,570 $2,010 $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 Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow $860 202 -105 -118 $839 Net (purchase) sale of property Increase in other assets Investing cash flow $245 -82 $163 Net (redemption) issuance of LTD Dividends paid Financing cash flow Net cash increase -$208 -200 -$408 594 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.) Gross margin Operating margin % %