what was the percent of the accounts receivable of the net assets acquired
calculations would be adjusted for interest expense associated with this debt instrument . eitf issue no . 04-08 would have been effective beginning with the company 2019s 2004 fourth quarter . however , due to the fasb 2019s delay in issuing sfas no . 128r and the company 2019s intent and ability to settle this debt security in cash versus the issuance of stock , the impact of the additional diluted shares will not be included in the diluted earnings per share calculation until the proposed sfas no . 128r is effective . when sfas no . 128r is effective , prior periods 2019 diluted shares outstanding and diluted earnings per share amounts will be restated to present comparable information . the estimated annual reduction in the company 2019s diluted earnings per share would have been approximately $ .02 to $ .03 per share for total year 2005 , 2004 and 2003 . because the impact of this standard is ongoing , the company 2019s diluted shares outstanding and diluted earnings per share amounts would be impacted until retirement or modification of certain terms of this debt security . note 2 . acquisitions and divestitures the company acquired cuno on august 2 , 2005 . the operating results of cuno are included in the industrial business segment . cuno is engaged in the design , manufacture and marketing of a comprehensive line of filtration products for the separation , clarification and purification of fluids and gases . 3m and cuno have complementary sets of filtration technologies and the opportunity to bring an even wider range of filtration solutions to customers around the world . 3m acquired cuno for approximately $ 1.36 billion , comprised of $ 1.27 billion of cash paid ( net of cash acquired ) and the acquisition of $ 80 million of debt , most of which has been repaid . purchased identifiable intangible assets of $ 268 million for the cuno acquisition will be amortized on a straight- line basis over lives ranging from 5 to 20 years ( weighted-average life of 15 years ) . in-process research and development charges from the cuno acquisition were not material . pro forma information related to this acquisition is not included because its impact on company 2019s consolidated results of operations is not considered to be material . the preliminary allocation of the purchase price is presented in the table that follows . 2005 cuno acquisition asset ( liability ) ( millions ) .

| Accounts receivable | $96 |
| :--- | :--- |
| Inventory | 61 |
| Property, plant, and equipment - net | 121 |
| Purchased intangible assets | 268 |
| Purchased goodwill | 992 |
| Other assets | 30 |
| Deferred tax liability | (102) |
| Accounts payable and other current liabilities | (104) |
| Interest bearing debt | (80) |
| Other long-term liabilities | (16) |
| Net assets acquired | $1,266 |
| Supplemental information: |  |
| Cash paid | $1,294 |
| Less: Cash acquired | 28 |
| Cash paid, net of cash acquired | $1,266 |

during the year ended december 31 , 2005 , 3m entered into two immaterial additional business combinations for a total purchase price of $ 27 million , net of cash acquired . 1 ) 3m ( electro and communications business ) purchased certain assets of siemens ultrasound division 2019s flexible circuit manufacturing line , a u.s . operation . the acquired operation produces flexible interconnect circuits that provide electrical connections between components in electronics systems used primarily in the transducers of ultrasound machines . 2 ) 3m ( display and graphics business ) purchased certain assets of mercury online solutions inc. , a u.s . operation . the acquired operation provides hardware and software technologies and network management services for digital signage and interactive kiosk networks. .

accounts_receivable = 96
net_assets_acquired = 1266
percent_accounts_receivable = accounts_receivable / net_assets_acquired
answer = percent_accounts_receivable * 100