We look at the division of 723469 by 60 
We're looking to find how many times 60 goes into 723469.

Let's proceed to step 1:
7 divided by 60 is 0 with a remainder of 7.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Deduct 0 from 7 and we're left with 7.
Append the next digit (2) from the dividend to 7 and continue with: 72 / 60

Advancing to step 2:
72 divided by 60 is 1 with a remainder of 12.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Subtract 60 from 72 to get 12.
Append the next digit (3) from the dividend to 12 and continue with: 123 / 60

Moving on to step 3:
123 divided by 60 is 2 with a remainder of 3.
The next digit of our result is 2. 
Result so far: 12.0
The remainder is 3 after subtracting 120 from 123.
Fetch the next digit (4) from the dividend, attach it to 3 and continue: 34 / 60

Let's proceed to step 4:
34 divided by 60 is 0 with a remainder of 34.
The number 0 becomes the next digit in our result. 
Result so far: 120.0
The remainder is 34 after subtracting 0 from 34.
Append the next digit (6) from the dividend to 34 and continue with: 346 / 60

Let's proceed to step 5:
If we divide 346 by 60, we get 5 and a remainder of 46.
The next digit of our result is 5. 
Result so far: 1205.0
Deduct 300 from 346 and we're left with 46.
Bring next digit (9) of the dividend behind the 46 and repeat the process: 469 / 60

Advancing to step 6:
60 can be fit into 469 7 times, resulting in a remainder of 49.
The number 7 becomes the next digit in our result. 
Result so far: 12057.0
Subtract 420 from 469 to get 49.
Since there are no more digits in the dividend, we add a zero to the remainder making it 490, and continue the process.

Advancing to step 7:
60 goes into 490 8 times with a remainder of 10.
Put 8 as the next digit of the answer. 
Result so far: 12057.8
Subtract 480 from 490 to 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.

Advancing to step 8:
60 goes into 100 1 times with a remainder of 40.
Write down 1 as next digit of the result. 
Result so far: 12057.81
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:
If we divide 400 by 60, we get 6 and a remainder of 40.
The number 6 becomes the next digit in our result. 
Result so far: 12057.816
The remainder is 40 after subtracting 360 from 400.
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:
60 can be fit into 400 6 times, resulting in a remainder of 40.
Use 6 as the next digit of our solution. 
Result so far: 12057.8166
Subtract 360 from 400 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

In conclusion, the division gives 12057.8166 with a balance of 0.0004.