Ringtone Maker - MP3 Cutter

Ringtone Maker is free app creates ringtone, alarms, and notifications from MP3, WAV,AAC/MP4, 3GPP/AMR files. You can set the start and ending notes by sliding arrows along the timeline, by pressing Start and End to record the point, or by typing in time stamps.

It's now support Android 5.0 Lollipop Material Design.

Features:
1. Copy, cut and paste.
2. Preview the Ringtone files and assign to contact.
3. View a scrollable waveform representation of the audio file at 5 zoom levels.
4. Set starting and ending points for a clip within the audio file, using an optional touch interface.
5. Play the selected portion of the audio, including an indicator cursor and auto scrolling of the waveform.
6. Play anywhere else by tapping the screen.
7. Save the clipped audio as a new audio file and mark it as Music, Ringtone, Alarm, or Notification.
8. Record a new audio clip to edit.
9. Delete audio (with confirmation alert).
10. Assign a Ringtone directly to a contact, you can also re-assign or delete the Ringtone from contact.
11.Manage contact Ringtone.

Ringtone save path:
Ringtone: sdcard/ringtones
Notification: sdcard/notifications
Alarm: sdcard/alarms
Music: sdcard/music

Ringdroid and RingsExtended source code:
http://code.google.com/p/ringdroid/
http://code.google.com/p/apps-for-android/