Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and provides a variety of related services such as an App store. An extract from the profit and loss statement for the financial years 2021, 2020 and 2019 is provided further below. The Table below reports the ROIC over the past five years. Apple Inc ROIC Average Required The long-run profitability of Apple Inc as measured by ROIC appears to be high. Based on your knowledge of Apple Inc discuss and analyse potential explanations for this high ROIC and provide an assessment of the most likely explanation together with a justification. Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and provides a variety of related services such as an App store. An extract from the profit and loss statement for the financial years 2021, 2020 and 2019 is provided further below. The Table below reports the ROIC over the past five years. Apple Inc ROIC Average Required The long-run profitability of Apple Inc as measured by ROIC appears to be high. Based on your knowledge of Apple Inc discuss and analyse potential explanations for this high ROIC and provide an assessment of the most likely explanation together with a justification