We divide 700340 by 60
We want to figure out the number of times 700340 can be divided by 60.

On to step 1:
7 divided by 60 is 0 with a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 7 to get 7.
Grab the next digit (0) from the dividend, add it to 7, then carry on: 70 / 60

Going ahead to step 2:
The number 60 fits into 70 1 times, leaving a remainder of 10.
Write down 1 as next digit of the result. 
Result so far: 1.0
If we take 60 away from 70, we end up with 10.
Append the next digit (0) from the dividend to 10 and continue with: 100 / 60

Moving on to step 3:
If we divide 100 by 60, we get 1 and a remainder of 40.
The next digit of our result is 1. 
Result so far: 11.0
The remainder is 40 after subtracting 60 from 100.
Append the next digit (3) from the dividend to 40 and continue with: 403 / 60

Let's proceed to step 4:
403 divided by 60 is 6 with a remainder of 43.
The next digit of our result is 6. 
Result so far: 116.0
The remainder is 43 after subtracting 360 from 403.
Grab the next digit (4) from the dividend, add it to 43, then carry on: 434 / 60

Going ahead to step 5:
When dividing 434 by 60, we get 7 with a remainder of 14.
The next digit of our result is 7. 
Result so far: 1167.0
Subtracting 420 from 434 leaves us with 14.
Take the next digit (0) from the dividend and append it to 14, then repeat: 140 / 60

Step 6:
When dividing 140 by 60, we get 2 with a remainder of 20.
Put 2 as the next digit of the answer. 
Result so far: 11672.0
The remainder is 20 after subtracting 120 from 140.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Moving on to step 7:
When dividing 200 by 60, we get 3 with a remainder of 20.
Use 3 as the next digit of our solution. 
Result so far: 11672.3
Deduct 180 from 200 and we're left with 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Let's proceed to step 8:
When dividing 200 by 60, we get 3 with a remainder of 20.
Record the quotient 3 as the next digit in the result. 
Result so far: 11672.33
If we take 180 away from 200, we end up with 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Our division results in 11672.33 with a remaining 0.02.