Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets $ 620 800 3,200 185 Total assets $4,805 Current liabilities Long-term debt Other liabilities $1,040 1,635 195 Total liabilities $2,870 Paid in capital $ 415 1,520 Retained earnings Total equity Total liabilities and equity $1,935 $4,805 Solution Answer: Gross Margin=(Gross Margin/Net Sales)*100 =($1400/$8100)*100 =17.28% Operating Margin=(Operating Income /Net Sales)*100 =($1000/$8100)*100 =12.35%.