We look at the division of 723031 by 60 
Let's see how many times 60 fits into 723031.

Going ahead to step 1:
If we divide 7 by 60, we get 0 and a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 7 after subtracting 0 from 7.
Include the next digit (2) from the dividend after 7, then repeat: 72 / 60

Advancing to step 2:
72 divided by 60 is 1 with a remainder of 12.
Put 1 as the next digit of the answer. 
Result so far: 1.0
Subtract 60 from 72 to get 12.
Grab the next digit (3) from the dividend, add it to 12, then carry on: 123 / 60

Advancing to step 3:
If we divide 123 by 60, we get 2 and a remainder of 3.
The number 2 becomes the next digit in our result. 
Result so far: 12.0
If we subtract 120 from 123, we get 3.
Bring next digit (0) of the dividend behind the 3 and repeat the process: 30 / 60

Step 4:
30 divided by 60 is 0 with a remainder of 30.
Record the quotient 0 as the next digit in the result. 
Result so far: 120.0
Deduct 0 from 30 and we're left with 30.
Fetch the next digit (3) from the dividend, attach it to 30 and continue: 303 / 60

Going ahead to step 5:
303 divided by 60 is 5 with a remainder of 3.
Use 5 as the next digit of our solution. 
Result so far: 1205.0
Deduct 300 from 303 and we're left with 3.
Grab the next digit (1) from the dividend, add it to 3, then carry on: 31 / 60

On to step 6:
60 goes into 31 0 times with a remainder of 31.
The next digit of our result is 0. 
Result so far: 12050.0
If we take 0 away from 31, we end up with 31.
Since there are no more digits in the dividend, we add a zero to the remainder making it 310, and continue the process.

Step 7:
When dividing 310 by 60, we get 5 with a remainder of 10.
Put 5 as the next digit of the answer. 
Result so far: 12050.5
If we subtract 300 from 310, we get 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Going ahead to step 8:
60 can be fit into 100 1 times, resulting in a remainder of 40.
The number 1 becomes the next digit in our result. 
Result so far: 12050.51
If we take 60 away from 100, we end up with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

On to step 9:
400 divided by 60 is 6 with a remainder of 40.
Record the quotient 6 as the next digit in the result. 
Result so far: 12050.516
If we take 360 away from 400, we end up with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Step 10:
If we divide 400 by 60, we get 6 and a remainder of 40.
Record the quotient 6 as the next digit in the result. 
Result so far: 12050.5166
If we take 360 away from 400, we end up with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Our division results in 12050.5166 with a remaining 0.0004.