We look at the division of 722440 by 60 
We want to figure out the number of times 722440 can be divided by 60.

Going ahead to step 1:
The number 60 fits into 7 0 times, leaving a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 7 to get 7.
Grab the next digit (2) from the dividend, add it to 7, then carry on: 72 / 60

Step 2:
When dividing 72 by 60, we get 1 with a remainder of 12.
Put 1 as the next digit of the answer. 
Result so far: 1.0
Deduct 60 from 72 and we're left with 12.
Bring next digit (2) of the dividend behind the 12 and repeat the process: 122 / 60

On to step 3:
60 can be fit into 122 2 times, resulting in a remainder of 2.
Write down 2 as next digit of the result. 
Result so far: 12.0
Subtract 120 from 122 to get 2.
Include the next digit (4) from the dividend after 2, then repeat: 24 / 60

Going ahead to step 4:
The number 60 fits into 24 0 times, leaving a remainder of 24.
Record the quotient 0 as the next digit in the result. 
Result so far: 120.0
Subtracting 0 from 24 leaves us with 24.
Take the next digit (4) from the dividend and append it to 24, then repeat: 244 / 60

Let's proceed to step 5:
60 can be fit into 244 4 times, resulting in a remainder of 4.
Use 4 as the next digit of our solution. 
Result so far: 1204.0
If we subtract 240 from 244, we get 4.
Grab the next digit (0) from the dividend, add it to 4, then carry on: 40 / 60

On to step 6:
When dividing 40 by 60, we get 0 with a remainder of 40.
The number 0 becomes the next digit in our result. 
Result so far: 12040.0
Subtract 0 from 40 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Moving on to step 7:
60 goes into 400 6 times with a remainder of 40.
Put 6 as the next digit of the answer. 
Result so far: 12040.6
The remainder is 40 after subtracting 360 from 400.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Step 8:
If we divide 400 by 60, we get 6 and a remainder of 40.
Record the quotient 6 as the next digit in the result. 
Result so far: 12040.66
Subtract 360 from 400 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

In conclusion, the division gives 12040.66 with a balance of 0.04.