
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
At the 2012 Math Olympics, Team USA won 23 out of a possible 120 medals. Which one of the following is closest to the fraction of medals that they won?
$$
\frac{1}{4} \qquad \frac{1}{5} \qquad \frac{1}{6} \qquad \frac{1}{7} \qquad \frac{1}{8}
$$

Present the answer in LaTex format: \boxed{Your answer}
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