equity instruments .
sfas no .
123r eliminates the ability to account for share-based compensation transactions using the intrinsic value method under accounting principles board ( apb ) opinion no .
25 , accounting for stock issued to employees , and instead requires such transactions be accounted for using a fair-value-based method .
the company will recognize stock-based compensation expense on all awards on a straight-line basis over the requisite service period using the modified prospective method .
in january 2005 , the sec issued sab no .
107 , which provides supplemental implementation guidance for sfas no .
123r .
sfas no .
123r will be effective for the company beginning in the first quarter of fiscal 2006 .
the company expects the adoption of sfas no .
123r will result in a reduction of diluted earnings per common share of approximately $ 0.03 for the first quarter of fiscal 2006 .
in march 2005 , the fasb issued interpretation no .
( fin ) 47 , accounting for conditional asset retirement obligations , to clarify the requirement to record liabilities stemming from a legal obligation to perform an asset retirement activity in which the timing or method of settlement is conditional on a future event .
the company plans to adopt fin 47 in the first quarter of fiscal 2006 , and does not expect the application of fin 47 to have a material impact on its results of operations , cash flows or financial position .
in may 2005 , the fasb issued sfas no .
154 , accounting changes and error corrections which replaces apb opinion no .
20 accounting changes and sfas no .
3 , reporting accounting changes in interim financial statements 2014an amendment of apb opinion no .
28 .
sfas no .
154 requires retrospective application to prior periods 2019 financial statements of a voluntary change in accounting principal unless it is not practicable .
sfas no .
154 is effective for accounting changes and corrections of errors made in fiscal years beginning after december 15 , 2005 and is required to be adopted by the company in the first quarter of fiscal 2007 .
although the company will continue to evaluate the application of sfas no .
154 , management does not currently believe adoption will have a material impact on the company 2019s results of operations or financial position .
liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 24 , september 25 , september 27 , 2005 2004 2003 .

september 24 2005
september 25 2004
september 27 2003
cash cash equivalents and short-term investments
$ 8261
$ 5464
$ 4566
accounts receivable net
$ 895
$ 774
$ 766
inventory
$ 165
$ 101
$ 56
working capital
$ 6816
$ 4404
$ 3530
days sales in accounts receivable ( dso ) ( a )
22
30
41
days of supply in inventory ( b )
6
5
4
days payables outstanding ( dpo ) ( c )
62
76
82
annual operating cash flow
$ 2535
$ 934
$ 289

( a ) dso is based on ending net trade receivables and most recent quarterly net sales for each period .
( b ) days supply of inventory is based on ending inventory and most recent quarterly cost of sales for each period .
( c ) dpo is based on ending accounts payable and most recent quarterly cost of sales adjusted for the change in inventory .
as of september 24 , 2005 , the company had $ 8.261 billion in cash , cash equivalents , and short-term investments , an increase of $ 2.797 billion over the same balances at the end of 2004 .
the principal components of this increase were cash generated by operating activities of $ 2.535 billion and proceeds of $ 543 million from the issuance of common stock under stock plans , partially offset by cash used to .

Question: inventory was what percent of total working capital in 2005?
Answer: 2.4%
Calculation: divide(165, 6816)