We divide 537201 by 48
We're looking to find how many times 48 goes into 537201.

On to step 1:
48 goes into 5 0 times with a remainder of 5.
The next digit of our result is 0. 
Result so far: 0.0
Subtracting 0 from 5 leaves us with 5.
Include the next digit (3) from the dividend after 5, then repeat: 53 / 48

Step 2:
48 goes into 53 1 times with a remainder of 5.
Record the quotient 1 as the next digit in the result. 
Result so far: 1.0
Deduct 48 from 53 and we're left with 5.
Fetch the next digit (7) from the dividend, attach it to 5 and continue: 57 / 48

Advancing to step 3:
48 goes into 57 1 times with a remainder of 9.
The number 1 becomes the next digit in our result. 
Result so far: 11.0
Subtract 48 from 57 to get 9.
Take the next digit (2) from the dividend and append it to 9, then repeat: 92 / 48

Moving on to step 4:
If we divide 92 by 48, we get 1 and a remainder of 44.
Write down 1 as next digit of the result. 
Result so far: 111.0
The remainder is 44 after subtracting 48 from 92.
Grab the next digit (0) from the dividend, add it to 44, then carry on: 440 / 48

Advancing to step 5:
48 can be fit into 440 9 times, resulting in a remainder of 8.
The number 9 becomes the next digit in our result. 
Result so far: 1119.0
If we subtract 432 from 440, we get 8.
Append the next digit (1) from the dividend to 8 and continue with: 81 / 48

Going ahead to step 6:
The number 48 fits into 81 1 times, leaving a remainder of 33.
Write down 1 as next digit of the result. 
Result so far: 11191.0
Subtract 48 from 81 to get 33.
Since there are no more digits in the dividend, we add a zero to the remainder making it 330, and continue the process.

Advancing to step 7:
48 can be fit into 330 6 times, resulting in a remainder of 42.
Write down 6 as next digit of the result. 
Result so far: 11191.6
The remainder is 42 after subtracting 288 from 330.
Since there are no more digits in the dividend, we add a zero to the remainder making it 420, and continue the process.

On to step 8:
The number 48 fits into 420 8 times, leaving a remainder of 36.
The next digit of our result is 8. 
Result so far: 11191.68
Subtract 384 from 420 to get 36.
Since there are no more digits in the dividend, we add a zero to the remainder making it 360, and continue the process.

Moving on to step 9:
The number 48 fits into 360 7 times, leaving a remainder of 24.
The next digit of our result is 7. 
Result so far: 11191.687
The remainder is 24 after subtracting 336 from 360.
Since there are no more digits in the dividend, we add a zero to the remainder making it 240, and continue the process.

Let's proceed to step 10:
If we divide 240 by 48, we get 5 and a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 11191.6875
If we take 240 away from 240, we end up with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Moving on to step 11:
The number 48 fits into 0 0 times, leaving a remainder of 0.
The next digit of our result is 0. 
Result so far: 11191.6875
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 12:
48 can be fit into 0 0 times, resulting in a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 11191.6875
Deduct 0 from 0 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

The final outcome is 11191.6875, with a leftover of 0.0.