The table given below summarizes the 2022 income statement and end-year balance sheet of Drake's Bowling...

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The table given below summarizes the 2022 income statement and end-year balance sheet of Drake's Bowling Alleys, Drake's financial manager forecasts a 10% increase in sales and costs in 2023. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year Sales Costs Interest Pretax profit Tax Net income Income Statement $ in thousands $2,800 (40% of average assets) 2,100 (75% of sales) 115 (5% of debt at start of year)b 585 234 (40% of pretax profit) $ 351 Assets at the end of 2021 were $6,720,000. bDebt at the end of 2021 was $2.300,000. Balance Sheet $ in thousands Net assets Total $7,200 $7,200 Debt Equity Total 4,980 $7,200 a. What is the implied level of assets at the end of 2023? Note: Enter your answer in dollers not in thousands. b. If the company pays out 50% of net Assumes debt remains constant income as dividends, how much cash will Drake need to raise in the capital markets in 2023? Note: Do not round intermediate calculations. Enter your answer in dollers not in thousands. e. If Drake is unwilling to make an equity issue, what will be the debt ratio at the end of 2023? Note: Enter your answer as a percent rounded to nearest whole number. a. Ending assets The table given below summarizes the 2022 income statement and end-year balance sheet of Drake's Bowling Alleys, Drake's financial manager forecasts a 10% increase in sales and costs in 2023. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year Sales Costs Interest Pretax profit Tax Net income Income Statement $ in thousands $2,800 (40% of average assets) 2,100 (75% of sales) 115 (5% of debt at start of year)b 585 234 (40% of pretax profit) $ 351 Assets at the end of 2021 were $6,720,000. bDebt at the end of 2021 was $2.300,000. Balance Sheet $ in thousands Net assets Total $7,200 $7,200 Debt Equity Total 4,980 $7,200 a. What is the implied level of assets at the end of 2023? Note: Enter your answer in dollers not in thousands. b. If the company pays out 50% of net Assumes debt remains constant income as dividends, how much cash will Drake need to raise in the capital markets in 2023? Note: Do not round intermediate calculations. Enter your answer in dollers not in thousands. e. If Drake is unwilling to make an equity issue, what will be the debt ratio at the end of 2023? Note: Enter your answer as a percent rounded to nearest whole number. a. Ending assets