True, kinda. When yeast undergo "fermentation" they are only producing alcohol and CO2 from sugar, which is what fermentation IS. They only reproduce during the respiration phase (when 02 is present) and not afterward. It would likely be difficult to be exact to do the calculations you speak of without lab equipement every single time since it will always be different [temperature of medium, cell concentration, Oxygen present, nutrients present, (amino acids vitimins, sugars, etc.)]. Don't get me wrong, I geek out just the way you do. I just get more obsessed with making beer in the end.