Find closest multiple of $16$ to $72$. We see that $4 \times 16 = 64$ is the nearest. Now subtract $64$ from $72$ to get reminder $8$. Add $4$ to quotient.
Since $8$ is less than $16$, stop the division. The reminder is $8$. The topmost line $04$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $4$.