A multi-purpose tool includes a graduated extension pivotably and lockably connected to a leveling extension. The graduated extension includes graduations for measuring length, angles, pitch, or a combination of these measurements. Angles may also be measured with a graduated disc. The leveling extension includes at least one bubble level for checking the horizontal or vertical orientation of the leveling extension. The leveling extension may include graduations for measuring length, angles, pitch, or a combination of these measurements. The tool may be extended such that the graduated and leveling extensions are collinear, having a total length of 16 inches end to end. A multi-purpose tool may be conveniently used to take the place of several separate tools such as a speed square, a T-bevel, and an extended torpedo level. The tool may also allow quick determination of the required distance between wall studs, rafters, and floor joists.