Let's divide 5354694 by 120
We want to figure out the number of times 5354694 can be divided by 120.

Step 1:
5 divided by 120 is 0 with a remainder of 5.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 5 to get 5.
Take the next digit (3) from the dividend and append it to 5, then repeat: 53 / 120

Going ahead to step 2:
120 goes into 53 0 times with a remainder of 53.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 53 leaves us with 53.
Bring next digit (5) of the dividend behind the 53 and repeat the process: 535 / 120

On to step 3:
120 goes into 535 4 times with a remainder of 55.
The next digit of our result is 4. 
Result so far: 4.0
Subtracting 480 from 535 leaves us with 55.
Grab the next digit (4) from the dividend, add it to 55, then carry on: 554 / 120

On to step 4:
120 can be fit into 554 4 times, resulting in a remainder of 74.
Put 4 as the next digit of the answer. 
Result so far: 44.0
If we subtract 480 from 554, we get 74.
Bring next digit (6) of the dividend behind the 74 and repeat the process: 746 / 120

Let's proceed to step 5:
746 divided by 120 is 6 with a remainder of 26.
The number 6 becomes the next digit in our result. 
Result so far: 446.0
Deduct 720 from 746 and we're left with 26.
Include the next digit (9) from the dividend after 26, then repeat: 269 / 120

On to step 6:
120 can be fit into 269 2 times, resulting in a remainder of 29.
Record the quotient 2 as the next digit in the result. 
Result so far: 4462.0
Subtract 240 from 269 to get 29.
Include the next digit (4) from the dividend after 29, then repeat: 294 / 120

Advancing to step 7:
120 can be fit into 294 2 times, resulting in a remainder of 54.
Write down 2 as next digit of the result. 
Result so far: 44622.0
Deduct 240 from 294 and we're left with 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

Step 8:
120 can be fit into 540 4 times, resulting in a remainder of 60.
The number 4 becomes the next digit in our result. 
Result so far: 44622.4
Subtract 480 from 540 to get 60.
Since there are no more digits in the dividend, we add a zero to the remainder making it 600, and continue the process.

Advancing to step 9:
The number 120 fits into 600 5 times, leaving a remainder of 0.
The next digit of our result is 5. 
Result so far: 44622.45
If we subtract 600 from 600, we get 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 10:
120 goes into 0 0 times with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 44622.45
Subtracting 0 from 0 leaves us 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.

Advancing to step 11:
If we divide 0 by 120, we get 0 and a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 44622.45
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.

In conclusion, the division gives 44622.45 with a balance of 0.0.