Well... she DID find a loophole... an adorable loophole.
It was not exactly clear who said that in the fourth panel. Personally, I think the admiral said it given the sweats beside the bubble. In that case, the translation would be something along the line of:
"Alright alright, we'll make do without the ribbon"
The next morningNo ribbon is fine!Goodnight~Fine!I feel sorry for her, but I've got no choice.