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 ) .

Table:
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 ( 102 )
accounts payable and other current liabilities | -104 ( 104 )
interest bearing debt | -80 ( 80 )
other long-term liabilities | -16 ( 16 )
net assets acquired | $ 1266
supplemental information: | 
cash paid | $ 1294
less : cash acquired | 28
cash paid net of cash acquired | $ 1266
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. .

Question: what was the percent of the accounts receivable of the net assets acquired
Answer: 7.6%
Calculation: divide(96, 1266)