Note 4: RECEIVABLES

Receivables were as follows at November 30:

The Company’s provision for bad debts was $4,419,000 in 2008, $3,248,000 in 2007, and $1,351,000 in 2006. Trade receivables included unbilled receivables related to the percentage-of-completion method of revenue recognition of $24,706,000 and $45,578,000 at November 30, 2008 and 2007, respectively.