We divide 701964 by 16
We want to figure out the number of times 701964 can be divided by 16.

Advancing to step 1:
16 goes into 7 0 times with a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtracting 0 from 7 leaves us with 7.
Bring next digit (0) of the dividend behind the 7 and repeat the process: 70 / 16

Step 2:
70 divided by 16 is 4 with a remainder of 6.
The next digit of our result is 4. 
Result so far: 4.0
If we subtract 64 from 70, we get 6.
Fetch the next digit (1) from the dividend, attach it to 6 and continue: 61 / 16

Let's proceed to step 3:
If we divide 61 by 16, we get 3 and a remainder of 13.
The next digit of our result is 3. 
Result so far: 43.0
Deduct 48 from 61 and we're left with 13.
Fetch the next digit (9) from the dividend, attach it to 13 and continue: 139 / 16

Let's proceed to step 4:
If we divide 139 by 16, we get 8 and a remainder of 11.
Record the quotient 8 as the next digit in the result. 
Result so far: 438.0
The remainder is 11 after subtracting 128 from 139.
Grab the next digit (6) from the dividend, add it to 11, then carry on: 116 / 16

Advancing to step 5:
16 goes into 116 7 times with a remainder of 4.
The number 7 becomes the next digit in our result. 
Result so far: 4387.0
Subtracting 112 from 116 leaves us with 4.
Take the next digit (4) from the dividend and append it to 4, then repeat: 44 / 16

Moving on to step 6:
16 can be fit into 44 2 times, resulting in a remainder of 12.
Write down 2 as next digit of the result. 
Result so far: 43872.0
If we subtract 32 from 44, we get 12.
Since there are no more digits in the dividend, we add a zero to the remainder making it 120, and continue the process.

Moving on to step 7:
The number 16 fits into 120 7 times, leaving a remainder of 8.
Put 7 as the next digit of the answer. 
Result so far: 43872.7
Deduct 112 from 120 and we're left with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Step 8:
If we divide 80 by 16, we get 5 and a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 43872.75
Deduct 80 from 80 and we're left 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.

Moving on to step 9:
When dividing 0 by 16, we get 0 with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 43872.75
Deduct 0 from 0 and we're left 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.

On to step 10:
When dividing 0 by 16, we get 0 with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 43872.75
If we subtract 0 from 0, 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.

The final result is 43872.75 with a remainder of 0.0.