The following tables summarize the $2022$ income statement and end$-$year balance sheet of Drake's Bowling Alleys. Drake's financial

manager forecasts a $20\%$ increase in sales and costs in $2023.$ The ratio of sales to average assets is expected to remain at $0\mathrm{.}50.$

Interest is forecasted at $4\%$ of debt at the start of the year.

a Assets at the end of $2021$ were $$3,400,000.$

b Debt at the end of $2021$ was $$600,000.$

a$.$ What is the implied level of assets at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands.

b$.$ If the company pays out $50\%$ of net income as dividends, how much cash will Drake's need to raise in the capital markets in

$2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands.

c$.$ If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Round your answer to $2$ decimal places. The following tables summarize the $2022$ income statement and end$-$year balance sheet of Drake$$s Bowling Alleys. Drake$$s financial manager forecasts a $20\%$ increase in sales and costs in $2023.$ The ratio of sales to average assets is expected to remain at $0\mathrm{.}50.$ Interest is forecasted at $4\%$ of debt at the start of the year.

INCOME STATEMENT, $2022$

$($Figures in $ thousands$)$

Sales $ $1,750(50\%$ of average assets$)$araise to the power of a

Costs $1,050(60\%$ of sales$)$

Interest $24(4\%$ of debt at start of year$)$braise to the power of b

Pretax profit $ $676$

Tax $203(30\%$ of pretax profit$)$

Net income $ $473$

araise to the power of a Assets at the end of $2021$ were $$3,400,000.$

braise to the power of b Debt at the end of $2021$ was $$600,000.$

BALANCE SHEET, YEAR$-$END $2022$

$($Figures in $ thousands$)$

Assets $ $3,600$ Debt $ $600$

Equity $3,000$

Total $ $3,600$ $ $3,600$

What is the implied level of assets at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands.

If the company pays out $50\%$ of net income as dividends, how much cash will Drake's need to raise in the capital markets in $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands.

If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of $2023?$

Note: Round your intermediate calculations to the nearest whole dollar amount. Round your answer to $2$ decimal places.