An audio transformer can pass multiple signals simultaneously to the secondary winding, such as 200Hz, 300Hz, and 1000Hz, but the output will be a complex waveform rather than distinct sinewaves. The transformer's impedance is frequency-dependent, leading to different levels of attenuation and phase shifting for each frequency. While transformers block DC and low frequencies, they are designed to maintain a reasonably flat response within the audio range. Impedance matching is crucial, as it ensures compatibility between circuit components with varying impedances. Overall, while multiple signals can be transmitted, the resultant output will reflect the combined effect of the input frequencies.