2018 emerson annual report | 37 inco me taxes the provision for income taxes is based on pretax income reported in the consolidated statements of earnings and tax rates currently enacted in each jurisdiction .certain income and expense items are recognized in different time periods for financial reporting and income tax filing purposes , and deferred income taxes are provided for the effect of temporary differences .the company also provides for foreign withholding taxes and any applicable u.s .income taxes on earnings intended to be repatriated from non-u.s .locations .no provision has been made for these taxes on approximately $ 3.4 billion of undistributed earnings of non-u.s .subsidiaries as of september 30 , 2018 , as these earnings are considered indefinitely invested or otherwise retained for continuing international operations .recognition of foreign withholding taxes and any applicable u.s .income taxes on undistributed non-u.s .earnings would be triggered by a management decision to repatriate those earnings .determination of the amount of taxes that might be paid on these undistributed earnings if eventually remitted is not practicable .see note 14 .( 2 ) weighted-average common shares basic earnings per common share consider only the weighted-average of common shares outstanding while diluted earnings per common share also consider the dilutive effects of stock options and incentive shares .an inconsequential number of shares of common stock were excluded from the computation of dilutive earnings per in 2018 as the effect would have been antidilutive , while 4.5 million and 13.3 million shares of common stock were excluded in 2017 and 2016 , respectively .earnings allocated to participating securities were inconsequential for all years presented .reconciliations of weighted-average shares for basic and diluted earnings per common share follow ( shares in millions ) : 2016 2017 2018 .
[['', '2016', '2017', '2018'], ['basic shares outstanding', '644.0', '642.1', '632.0'], ['dilutive shares', '2.8', '1.3', '3.3'], ['diluted shares outstanding', '646.8', '643.4', '635.3']]
( 3 ) acquisitions and divestitures on july 17 , 2018 , the company completed the acquisition of aventics , a global provider of smart pneumatics technologies that power machine and factory automation applications , for $ 622 , net of cash acquired .this business , which has annual sales of approximately $ 425 , is reported in the industrial solutions product offering in the automation solutions segment .the company recognized goodwill of $ 358 ( $ 20 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 278 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 12 years .on july 2 , 2018 , the company completed the acquisition of textron 2019s tools and test equipment business for $ 810 , net of cash acquired .this business , with annual sales of approximately $ 470 , is a manufacturer of electrical and utility tools , diagnostics , and test and measurement instruments , and is reported in the tools & home products segment .the company recognized goodwill of $ 374 ( $ 17 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 358 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 14 years .on december 1 , 2017 , the company acquired paradigm , a provider of software solutions for the oil and gas industry , for $ 505 , net of cash acquired .this business had annual sales of approximately $ 140 and is included in the measurement & analytical instrumentation product offering within automation solutions .the company recognized goodwill of $ 328 ( $ 160 of which is expected to be tax deductible ) , and identifiable intangible assets of $ 238 , primarily intellectual property and customer relationships with a weighted-average useful life of approximately 11 years .during 2018 , the company also acquired four smaller businesses , two in the automation solutions segment and two in the climate technologies segment. .

Question: for the textron 2019s tools and test equipment business acquisition what was the ratio of price paid to annual sales?
Answer: 1.72
Explanation: this is a standard valuation measure and can point out if the price was in line .