Answer: The reaction is not at equilibrium and will proceed to make more products to reach equilibrium.
Explanation: 
Equilibrium constant is defined as the ratio of concentration of products to the concentration of reactants each raised to the power their stoichiometric ratios. It is expressed as 
 
K is the constant of a certain reaction when it is in equilibrium, while Q is the reaction quotient of activities of products and reactants at any stage other than equilibrium of a reaction. 
For the given chemical reaction: 
 
The expression for 
 is written as: 
 
 
 
Given : 
 = 54.8
Thus as 
, the reaction will shift towards the right i.e. towards the product side.