Ringtoner (com.smartmux.ringtoner) on Google Play

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com.smartmux.ringtoner
Ringtoner is free app creates ringtone, alarms, and notifications from MP3, WAV,AAC/MP4, 3GPP/AMR files you load onto your phone through the SD card. Unlike many Android apps that use the Menu keys to store some software functions, most of Ringtone Maker's controls are out on the interface and all respond to touch.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.Ringtoner is the best ringtone creator on Market,with addition of features like fading in/out for MP3, adjusting volume, and share by e-mail. You can even also copy, cut and paste with the latest version.Features:☆ 
Copy, cut and paste.☆ 
Fade in/out for mp3.☆ 
Adjust volume for mp3.☆ 
Preview the Ringtone files and assign to contact.☆ 
View a scrollable waveform representation of the audio file at 5 zoom levels.☆ 
Set starting and ending points for a clip within the audio file, using an optional touch interface.
☆ Play the selected portion of the audio, including an indicator cursor and auto scrolling of the waveform.
☆ Play anywhere else by tapping the screen.☆ 
Save the clipped audio as a new audio file and mark it as Music, Ringtone, Alarm, or Notification.
☆ Record a new audio clip to edit.
Delete audio (with confirmation alert).
☆ Assign a Ringtone directly to a contact, you can also re-assign or delete the Ringtone from contact.
☆ Sort by Tracks, Albums, Artists.
Manage contact Ringtone.File formats
Supported file formats ☆ Right now include:
MP3
AAC/MP4 (including unprotected iTunes music)
WAV
3GPP/AMR (this is the format used when you record sounds directly on the handset)[Meta] : Ringoter , Ringtone Maker, Audio Cutter, Audio Recorder, Mp3 Cutter, Sound Cutter, Ringtone, Music Cutter, Sound Editor, Mp3 Editor, Audio Editor, Music Editor.