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 .

Table: 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
Calculation: divide(810, 470)
Explanation: this is a standard valuation measure and can point out if the price was in line .