2. Washington Company had the following financial data taken from its two most recent balance sheets: Year 2 Year 1 Current assets $633,000 Intangible assets $700,000 42,000 1,275,000 Total assets 42,000 1,100,000 Based on this data, if Washington Company were to conduct a vertical analysis, it would find that current assets from Year 1 to Year 2. by a. decreased; 14.0% b. decreased; 2.6% C. Increased; 14.0% d. Increased; 2.6% 2. Washington Company had the following financial data taken from its two most recent balance sheets: Current assets Year 2 $700,000 42,000 1,275,000 Intangible assets Total assets Year 1 $633,000 42,000 1,100,000 Based on this data, if Washington Company were to conduct a vertical analysis, it would find that current assets from Year 1 to Year 2. by a. decreased; 14.0% b. decreased; 2.6% C. increased: 14.0% d. Increased; 2.6% b 3. Which of the following analytical methods expresses all financial statement items as percentages, with no dollar amounts shown? a. Horizontal analysis b. Common-sized statements c. Vertical analysis d. None of these choices are correct. dropdown