We look at the division of 437003 by 48 
We want to divide 437003 by 48.

On to step 1:
4 divided by 48 is 0 with a remainder of 4.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 4 and we're left with 4.
Append the next digit (3) from the dividend to 4 and continue with: 43 / 48

On to step 2:
When dividing 43 by 48, we get 0 with a remainder of 43.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 43 to get 43.
Fetch the next digit (7) from the dividend, attach it to 43 and continue: 437 / 48

Going ahead to step 3:
When dividing 437 by 48, we get 9 with a remainder of 5.
Use 9 as the next digit of our solution. 
Result so far: 9.0
Subtracting 432 from 437 leaves us with 5.
Include the next digit (0) from the dividend after 5, then repeat: 50 / 48

Let's proceed to step 4:
The number 48 fits into 50 1 times, leaving a remainder of 2.
Use 1 as the next digit of our solution. 
Result so far: 91.0
If we take 48 away from 50, we end up with 2.
Include the next digit (0) from the dividend after 2, then repeat: 20 / 48

Advancing to step 5:
If we divide 20 by 48, we get 0 and a remainder of 20.
Use 0 as the next digit of our solution. 
Result so far: 910.0
Subtracting 0 from 20 leaves us with 20.
Grab the next digit (3) from the dividend, add it to 20, then carry on: 203 / 48

Step 6:
If we divide 203 by 48, we get 4 and a remainder of 11.
Write down 4 as next digit of the result. 
Result so far: 9104.0
Subtracting 192 from 203 leaves us with 11.
Since there are no more digits in the dividend, we add a zero to the remainder making it 110, and continue the process.

On to step 7:
48 can be fit into 110 2 times, resulting in a remainder of 14.
Put 2 as the next digit of the answer. 
Result so far: 9104.2
Subtract 96 from 110 to get 14.
Since there are no more digits in the dividend, we add a zero to the remainder making it 140, and continue the process.

Advancing to step 8:
If we divide 140 by 48, we get 2 and a remainder of 44.
Use 2 as the next digit of our solution. 
Result so far: 9104.22
If we subtract 96 from 140, we get 44.
Since there are no more digits in the dividend, we add a zero to the remainder making it 440, and continue the process.

The final outcome is 9104.22, with a leftover of 0.044.