2. Washington Company had the following financial data taken from its two most recent balance sheets:

	Year 2		Year 1
Current assets	$700,000		$633,000
Intangible assets	42,000		42,000
Total assets	1,275,000		1,100,000

Based on this data, if Washington Company were to conduct a vertical analysis, it would find that current assets __________ by _____ from Year 1 to Year 2.

decreased; 14.0%

decreased; 2.6%

increased; 14.0%

increased; 2.6%