938416 divided by 48 
We want to figure out the number of times 938416 can be divided by 48.

Moving on to step 1:
9 divided by 48 is 0 with a remainder of 9.
Put 0 as the next digit of the answer. 
Result so far: 0.0
The remainder is 9 after subtracting 0 from 9.
Take the next digit (3) from the dividend and append it to 9, then repeat: 93 / 48

On to step 2:
48 goes into 93 1 times with a remainder of 45.
Record the quotient 1 as the next digit in the result. 
Result so far: 1.0
Deduct 48 from 93 and we're left with 45.
Append the next digit (8) from the dividend to 45 and continue with: 458 / 48

Step 3:
458 divided by 48 is 9 with a remainder of 26.
The number 9 becomes the next digit in our result. 
Result so far: 19.0
The remainder is 26 after subtracting 432 from 458.
Fetch the next digit (4) from the dividend, attach it to 26 and continue: 264 / 48

Step 4:
The number 48 fits into 264 5 times, leaving a remainder of 24.
Use 5 as the next digit of our solution. 
Result so far: 195.0
The remainder is 24 after subtracting 240 from 264.
Grab the next digit (1) from the dividend, add it to 24, then carry on: 241 / 48

Let's proceed to step 5:
If we divide 241 by 48, we get 5 and a remainder of 1.
The next digit of our result is 5. 
Result so far: 1955.0
If we subtract 240 from 241, we get 1.
Bring next digit (6) of the dividend behind the 1 and repeat the process: 16 / 48

Step 6:
The number 48 fits into 16 0 times, leaving a remainder of 16.
Write down 0 as next digit of the result. 
Result so far: 19550.0
If we subtract 0 from 16, we get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Moving on to step 7:
160 divided by 48 is 3 with a remainder of 16.
Use 3 as the next digit of our solution. 
Result so far: 19550.3
If we take 144 away from 160, we end up with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Step 8:
The number 48 fits into 160 3 times, leaving a remainder of 16.
The number 3 becomes the next digit in our result. 
Result so far: 19550.33
If we take 144 away from 160, we end up with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

The final outcome is 19550.33, with a leftover of 0.016.