Observation:
Ethanol is oxidized to ethanoic acid by alkaline potassium permanganate.
Reaction:
\[
\text{CH}_3CH_2OH + [O] \xrightarrow{\text{KMnO}_4} \text{CH}_3COOH + H_2O
\]
Explanation:
KMnO$_4$ acts as an oxidizing agent and converts alcohol into a carboxylic acid.