Problem 19-12 Calculating Margins (LO3, CFA6) Amounts are in thousands of dollars (except number of shares and price per share): 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 $380 810 3,200 190 $4,580 $1,040 1,390 200 $2,630 $420 1,530 $1,950 $4,580 Kiwi Fruit Company Income Statement Net sales $6,800 Cost of goods sold -5, 800 Gross profit $1,000 Operating expense -430 Operating income $570 Other income 185 Net interest expense -200 Pretax income $555 Income tax -275 Net income $280 Earnings per share $2.50 Shares outstanding 112,000 Recent price $28.00 Kiwi Fruit Company Cash Flow Statement Net income 5280 Depreciation and amortization 210 Increase in operating assets -90 Decrease in current liabilities -126 Operating cash flow $274 Net (purchase) sale of property $225 Increase in other assets -78 Investing cash flow $147 Net redemption) issuance of ITD -$204 Dividends paid -192 Financing cash flow --$396 Net cash increase 25 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.)