We look at the division of 701392 by 12 
We want to figure out the number of times 701392 can be divided by 12.

Going ahead to step 1:
When dividing 7 by 12, we get 0 with a remainder of 7.
The next digit of our result is 0. 
Result so far: 0.0
If we take 0 away from 7, we end up with 7.
Take the next digit (0) from the dividend and append it to 7, then repeat: 70 / 12

On to step 2:
12 can be fit into 70 5 times, resulting in a remainder of 10.
The number 5 becomes the next digit in our result. 
Result so far: 5.0
If we subtract 60 from 70, we get 10.
Take the next digit (1) from the dividend and append it to 10, then repeat: 101 / 12

Going ahead to step 3:
12 can be fit into 101 8 times, resulting in a remainder of 5.
The number 8 becomes the next digit in our result. 
Result so far: 58.0
If we subtract 96 from 101, we get 5.
Fetch the next digit (3) from the dividend, attach it to 5 and continue: 53 / 12

Step 4:
53 divided by 12 is 4 with a remainder of 5.
Record the quotient 4 as the next digit in the result. 
Result so far: 584.0
Subtract 48 from 53 to get 5.
Append the next digit (9) from the dividend to 5 and continue with: 59 / 12

Step 5:
When dividing 59 by 12, we get 4 with a remainder of 11.
Use 4 as the next digit of our solution. 
Result so far: 5844.0
Subtract 48 from 59 to get 11.
Include the next digit (2) from the dividend after 11, then repeat: 112 / 12

Let's proceed to step 6:
The number 12 fits into 112 9 times, leaving a remainder of 4.
Write down 9 as next digit of the result. 
Result so far: 58449.0
Subtract 108 from 112 to get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Going ahead to step 7:
12 goes into 40 3 times with a remainder of 4.
The number 3 becomes the next digit in our result. 
Result so far: 58449.3
Subtracting 36 from 40 leaves us with 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Going ahead to step 8:
The number 12 fits into 40 3 times, leaving a remainder of 4.
Write down 3 as next digit of the result. 
Result so far: 58449.33
If we subtract 36 from 40, we get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

The final result is 58449.33 with a remainder of 0.004.