Find closest multiple of $95$ to $120$. We see that $1 \times 95 = 95$ is the nearest. Now subtract $95$ from $120$ to get reminder $25$. Add $1$ to quotient.
Since $25$ is less than $95$, stop the division. The reminder is $25$. The topmost line $001$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $1$.