Your absolutely correct Stalker, 53.26 is correct, I need to put my glasses on in the morning when using my phone to answer with. I swapped around the numbers ..old age bites....
For more information on Kinetic Energy and Momentum, please see
Kinetic Energy, Momentum and Arrows
Probably more than you are looking for, but here is your answer on how KE is measured ( taken from the Archerycalculator.com website):
The kinetic energy (KE) of an object is the energy of the object due to its speed and mass. In order for the energy of an object to change, work must be done on the object. In the case of an arrow and archery, work is done by the archer’s muscles by pulling back the string and flexing the limbs. The energy is stored in the limbs in the form of potential energy; when the string is released the energy stored into the limbs is released, most of which is absorbed by the arrow.
The energy not absorbed by the arrow becomes friction in the bow parts, noise, vibration and other inefficiencies experienced by the bow. Energy that is absorbed by the arrow is converted into multiple forms, the majority resulting in the forward velocity. The kinetic energy of the arrow that archers care about and calculate is the energy due to its forward motion. As the arrow travels downrange, the total energy diminishes mostly due to air.
The standard formula for kinetic energy is: