We look at the division of 601696 by 5 
Let's see how many times 5 fits into 601696.

Let's proceed to step 1:
5 can be fit into 6 1 times, resulting in a remainder of 1.
Record the quotient 1 as the next digit in the result. 
Result so far: 1.0
Deduct 5 from 6 and we're left with 1.
Grab the next digit (0) from the dividend, add it to 1, then carry on: 10 / 5

Let's proceed to step 2:
10 divided by 5 is 2 with a remainder of 0.
Record the quotient 2 as the next digit in the result. 
Result so far: 12.0
Deduct 10 from 10 and we're left with 0.
Append the next digit (1) from the dividend to 0 and continue with: 1 / 5

Moving on to step 3:
The number 5 fits into 1 0 times, leaving a remainder of 1.
Use 0 as the next digit of our solution. 
Result so far: 120.0
Subtracting 0 from 1 leaves us with 1.
Take the next digit (6) from the dividend and append it to 1, then repeat: 16 / 5

Let's proceed to step 4:
16 divided by 5 is 3 with a remainder of 1.
Use 3 as the next digit of our solution. 
Result so far: 1203.0
Subtract 15 from 16 to get 1.
Fetch the next digit (9) from the dividend, attach it to 1 and continue: 19 / 5

On to step 5:
19 divided by 5 is 3 with a remainder of 4.
Put 3 as the next digit of the answer. 
Result so far: 12033.0
If we subtract 15 from 19, we get 4.
Include the next digit (6) from the dividend after 4, then repeat: 46 / 5

Moving on to step 6:
5 can be fit into 46 9 times, resulting in a remainder of 1.
The number 9 becomes the next digit in our result. 
Result so far: 120339.0
The remainder is 1 after subtracting 45 from 46.
Since there are no more digits in the dividend, we add a zero to the remainder making it 10, and continue the process.

Going ahead to step 7:
When dividing 10 by 5, we get 2 with a remainder of 0.
The number 2 becomes the next digit in our result. 
Result so far: 120339.2
Subtract 10 from 10 to 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.

Moving on to step 8:
The number 5 fits into 0 0 times, leaving a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 120339.2
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.

Step 9:
5 can be fit into 0 0 times, resulting in a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 120339.2
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.

In conclusion, the division gives 120339.2 with a balance of 0.0.