Note 4: RECEIVABLES

Receivables were as follows at November 30:

The Company’s provision for bad debts was $3,248,000 in 2007, $1,351,000 in 2006, and $2,502,000 in 2005. Trade receivables included unbilled receivables related to the percentage-of-completion method of revenue recognition of $45,578,000 and $32,278,000 at November 30, 2007 and 2006, respectively.