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\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\phantom{\times999}27120\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 5424 with 5. Write the result 27120 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\phantom{\times999}27120\\\phantom{\times99}21696\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 5424 with 4. Write the result 21696 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\phantom{\times999}27120\\\phantom{\times99}21696\phantom{9}\\\phantom{\times9}16272\phantom{99}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 5424 with 3. Write the result 16272 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\phantom{\times999}27120\\\phantom{\times99}21696\phantom{9}\\\phantom{\times9}16272\phantom{99}\\\underline{\phantom{\times}10848\phantom{999}}\\\end{array}
Now multiply the first number with the 4^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 5424 with 2. Write the result 10848 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}5424\\\underline{\times\phantom{9999}2345}\\\phantom{\times999}27120\\\phantom{\times99}21696\phantom{9}\\\phantom{\times9}16272\phantom{99}\\\underline{\phantom{\times}10848\phantom{999}}\\\phantom{\times}12719280\end{array}
Now add the intermediate results to get final answer.