Kiwi Fruit Company Income Statement $ 11,100 (8,900) $ Net sales Cost of goods sold 2,200 (920) $ Gross profit Operating expense Operating income Other income Net interest expense Pretax income 1,280 140 (200) 1,220 (230) Income tax 990 Net income Earnings per share Shares outstanding Recent price $ 1.20 825,000 S 25.00 Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow $ 990 230 (120) (120) $ 980 Net (purchase) sale of property Increase in other assets $ 180 (87 Investing cash flow 93 Net (redemption) issuance of LTD Dividends paid Financing cash flow $ (176) (174) $ (350) Net cash increase 723 Calculate the gross and operating margins for Kiwi Fruit. (Do not round intermediate calculations. Enter you rounded to 2 decimal places.) Gross margin % Operating margin % Amounts are in thousands of dollars (except number of shares and price per share) Kixi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets 350 720 2,900 145 $ 4,115 Total assets Current liabilities Long-term debt Other liabilities Total liabilities Paid in capital Retained earnings Total equity Total liabilities and equity $ 920 1,225 155 $ 2,300 375 1,440 $ 1,815 $ 4,115 Kid Fruit Company Income Statement Net sales Cost of goods sold Gross profit Operating expense Operating income 0ther income Net interest expense Pretax income Income tax 11,100 (8,900) 2,200 (920) 1,280 140 (200) 1,220 (230) Net income $ 990 tarnings per share Shares outstanding Recent price 1.20 825,000 25.00 2 Kini Fruit Company Income Statement S 11,100 Net sales Cost of goods sold Gross profit Operating expense Operating income Other income Net interest expense Pretax income Income tax (8,900) 2,200 (920) 1,280 140 (200) 1,220 (230) Net income 990 Earnings per share Shares outstanding Recent price 1.20 825,000 25.00 $ Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow $ 990 230 (120) (120) 980 Net (purchase) sale of property Increase in other assets Investing cash flow S 180 (87) 93 Net (redemption) issuance of LTD Dividends paid Financing cash flow Net cash increase $ (176) (174) S (350) $ 723 Calculate the gross and operating margins for Kiwi Fruit. (Do not round intermediate colculations. Enter your answers as a p rounded to 2 decimal places.) Gross margin % Operating margin %