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 .

Table:
 | 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)